Herbalife Ltd. (NYSE:HLF) has been particularly active today, trading up 9 percent. While there are some who cannot get enough of Herbalife, the Latinos are not so happy with the nutritional supplements company. The Hispanic Federation wrote to FTC on Friday, seeking an investigation into Herbalife Ltd. (NYSE:HLF), saying that they had concerns about the company’s business model. The letter asks for a probe into the way the company promises huge gains for the distributors...
Read More »
Pershing Square published an exhaustive list of questions again challenging Herbalife’s business model. Bill Ackman’s hedge fund issued a 40 page document, in which it asked Herbalife hundreds of questions, and even reminded the firm that ‘they aren’t the girl scouts.’ Ackman will be presenting new information/questions regarding Herbalife on February 13th, which we will be covering live. Analysts at Wedbush who have a buy on Herbalife issued a research report, which defends Herbalife...
Read More »
Herbalife held an investor conference yesterday in an attempt to refute charges by short seller Bill Ackman. The conference did little to convince the market to buy Herbalife Ltd. (NYSE:LTD); after climbing during the conference, shares finished down 1.78%. Many sell side analysts attended the event. No sell side analysts have a sell on the stock (see here for the reason), but it is nonetheless interesting to see how they viewed the event. If...
Read More »
Bill Ackman is not alone in his belief that Herbalife Ltd. (NYSE:HLF) is a pyramid scheme. Hedge fund manager, Whitney Tilson has announced that he is short Herbalife Ltd. (NYSE:HLF) as well. He calls Ackman’s 342 page analysis of Herbalife Ltd. (NYSE:HLF) ’s the most remarkable piece of investment analysis I have ever seen.’ Tilson’s friendship with Ackman goes back several years. He is known to be a found of both Ackman and legendary value investor, David Einhorn. Tilson...
Read More »
Bill Ackman seems extremely confident in his bet against Herbalife Ltd. (NYSE:HLF). Ackman has called the short his highest conviction pick, and he is staking his entire reputation on the future on Herbalife Ltd. However, Herbalife has many defenders on the sell-side. Unsurprisingly, out of nine firms covering the company, not one has a sell. According to Reuters data, six firms have a strong buy, two have a buy, and one has a neutral rating....
Read More »
Southeastern Asset Management has cut its stake in Vulcan Materials Company, according to a 13D filed with the SEC. The famous value firm headed by Mason Hawkins now owns 9,911,581 shares, or 7.7% of the Florida based company. According to Southeastern’s 13F filing for the third quarter, the firm owned 12,156,368 shares of Vulcan Materials, or 9.38% of outstanding shares. Southeastern was the third largest shareholder of the company, they are now number four. Another legendary value firm,...
Read More »
In a 13G just filed with the Securities and Exchange Commission, John Griffin’s Blue Ridge Capital, L.L.C. disclosed a 5.53%, or 2,530,000 shares in Martin Marietta Materials Inc (NYSE:MLM). The total dollar amount of shares owned by the hedge fund is approximately $170 million. Previously, Blue Ridge held 1.6 million shares in the company. Based in Raleigh, NC, MLM mines, processes and sells lime used in the construction of different types of infrastructure. What makes this...
Read More »
