Herbalife Plummets: Can Ackman Start to Cash In on His Short?


Office Depot Inc (NASDAQ:ODP), NII Holdings Inc (OTCMKTS:NIHDQ) and Mack Cali Realty Corp (NYSE:CLI) hit midday posting gains. RetailMeNot Inc (NASDAQ:SALE), Allied Nevada Gold Corp. (NYSEMKT:ANV) and Herbalife Ltd. (NYSE:HLF), on the other hand, are deep in the red for the day.

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Office Depot Soars on Q3 Results

Office Depot Inc (NASDAQ:ODP) surged +15.58% today on the heels of its third quarter results report. The company said Q3 sales rose 55% from the year before – largely the result of its merger with OfficeMax. Billionaire investor George Soros picked up 3.13 million ODP shares during the second quarter of the year and has likely made a gain on his investment, with the stock up +14.68% over the past three months and +37.88% over the past six.


NII Holdings Inc (OTCMKTS:NIHDQ) climbed +12.2% early in the day. Another new Q2 buy for Soros, the company has had a tough go in recent months, with its price declining -92.42% in the last three months alone.

Mack Cali Realty Corp (NYSE:CLI) hit midday up +5.86% following the news that its CEO will step down in 2015. This may turn things around for the real estate investment trust, which is down -8.85% year-to-date. Soros will be keeping a close eye on this one as well. The billionaire purchased 1.71 million CLI shares in Q1 2014 and in Q2 upped his allocation to one of 4.01 million shares.

Herbalife Tumbles After Missing Expectations for Second Straight Quarter

RetailMeNot Inc (NASDAQ:SALE) plummeted -30.56% this Tuesday – the combined result of a disappointing earnings forecast and the announcement of its CFO’s departure. George Soros has had a position in the digital coupon marketplace since the third quarter of 2013 and as of the second quarter of this year holds 1.29 million shares. SALE has declined -51.02% in 2014.

The share price of Allied Nevada Gold Corp. (NYSEMKT:ANV) tumbled -20.5% early in the day. On Monday, the Reno, Nevada-based company reported a $62.4 million loss for Q3. ANV has been in John Paulson’s portfolio since the first quarter of 2012, and George Soros initiated a stake in the firm in Q2.

Down -19.34% midday, Herbalife Ltd. (NYSE:HLF) is in the headlines following its disappointing earnings report, released yesterday. The company has fallen short of Wall Street expectations for the second straight quarter and on Monday missed EPS estimates by $0.06. Might today’s dive mean that Bill Ackman can finally start to cash in on his HLF short?


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iBillionaire provides access to the investment data and strategies of the world's most successful self-made billionaires. Mobile app available for iOS and Android. Maker of the iBillionaire Index (IBLN). More at www.iBillionaire.me.

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