We should actually than him for his arrogance. In this case Keep's arrogance made me take a deeper look at the paper, model, court cases and write a series a articles on them. Ackman classified Royalty Overrides as Recruiting rewards which messed up his analysis. Thats the end of it.
Yteeld, The funny thing is even according to Vander Nat's paper HLF is coming out as a 100% legit MLM company and not a pyramid scheme. When I raised the issue, Ackman's analyst Shane sought Keep's views. Mr. Keep then advised Shane to discredit the paper by saying it a theoretical work. One thing you need to understand is the fact that Keep is a second author. Usually first/starred author is the one you should address your communication to and he know what he is talking. Second, third, fourth et al and non starred authors are usually free loaders who didn't provide any significant original thoughts in the work. I also have a couple of papers in reputed US journals (ACS) from my childhood days (graduation) in which I wasn't the primary/first/starred author. And I know for sure I can't answer questions relevant to that paper. Keep won't admit it but his knowledge about MLM scheme is just half baked. He is running his shop saying that he is an expert in MLM scheme. He will go out of the business if gullible idiots like Shane Dineen stops coming to him for an advice.
You are only defending higher education fraud because you are yourself involved in it. Just as Ackman will justify JC Penney's sourcing practices despite of thousands of Bangladeshis killed thanks to its sourcing practices from mob member in poor countries. Read this http://bit.ly/16wYU3Z and Watch this http://bit.ly/19nvVfI when you have sometime. Oh sorry, you are dean of some MBA school. You won't have time for it.
What Bill Ackman Doesn't Want You To Know About The FHTM Case [View article]
Its an irony how Mr. Ackman talks about morality in case of Herbalife while his own JC Penney exploits poor laborers with the help of goons in third world countries.
"Upstairs, workers earned as little as $40 a month making clothes for retailers like J. C. Penney. Downstairs, Mr. Rana hosted local politicians, playing pool, drinking and, the officials say, indulging in drugs." http://nyti.ms/15YZdUO
Do you know 400 people died in building collapse in Bangladesh. They wanted to go out of the building when the cracks appeared. But they were forced to continue their work by goons from whom JC Penney sources materials. How can Ackman gives lessons in morality?
Proto Labs: A 3-D Horror Show Not Worth The Price Of Admission [View article]
Although, there are a couple of arguments in the article which aren't that great, the response of the company's CFO to your mail is pretty outrageous.
In terms of your analysis. You should understand that statements like below are general disclaimers found in 10K of many companies. You can't read too much into them.
"Although our revenue has grown from $44.4 million for the year ended December 31, 2008 to $126.0 million for the year ended December 31, 2012, we likely will not be able to maintain our historical rate of revenue growth."
At least one Herbalife (HLF -1.4%) shareholder says that not only won't he sell his shares on the KPMG news, but he'd be a buyer if it gets cheap. Activist investor Robert Chapman Jr. has been betting on HLF for some time, and says he's "very long" and will double his position today if it falls materially. [View news story]
Herbalife: What Have We Learned? [View article]
It answers all my questions
Herbalife: What Have We Learned? [View article]
Herbalife: What Have We Learned? [View article]
You/Ackman can't even get FTC to act in this case and you are talking about winning. If only horses could fly ...
Herbalife: What Have We Learned? [View article]
Even their leader Ackman is not bashing Herbalife anymore.
Herbalife: What Have We Learned? [View article]
One thing you need to understand is the fact that Keep is a second author. Usually first/starred author is the one you should address your communication to and he know what he is talking. Second, third, fourth et al and non starred authors are usually free loaders who didn't provide any significant original thoughts in the work. I also have a couple of papers in reputed US journals (ACS) from my childhood days (graduation) in which I wasn't the primary/first/starred author. And I know for sure I can't answer questions relevant to that paper.
Keep won't admit it but his knowledge about MLM scheme is just half baked. He is running his shop saying that he is an expert in MLM scheme. He will go out of the business if gullible idiots like Shane Dineen stops coming to him for an advice.
Herbalife: What Have We Learned? [View article]
Regarding other things, I believe hope of losing weight is the primary driver for HLF's business not the promise of earning money.
Herbalife: What Have We Learned? [View article]
You are only defending higher education fraud because you are yourself involved in it.
Just as Ackman will justify JC Penney's sourcing practices despite of thousands of Bangladeshis killed thanks to its sourcing practices from mob member in poor countries.
Read this http://bit.ly/16wYU3Z and Watch this http://bit.ly/19nvVfI when you have sometime. Oh sorry, you are dean of some MBA school. You won't have time for it.
Best
FR
Herbalife's 'Build It Better' Program: 1 Thing That Still Needs To Change [View article]
What Bill Ackman Doesn't Want You To Know About The FHTM Case [View article]
What Bill Ackman Doesn't Want You To Know About The FHTM Case [View article]
"Upstairs, workers earned as little as $40 a month making clothes for retailers like J. C. Penney. Downstairs, Mr. Rana hosted local politicians, playing pool, drinking and, the officials say, indulging in drugs."
http://nyti.ms/15YZdUO
Do you know 400 people died in building collapse in Bangladesh. They wanted to go out of the building when the cracks appeared. But they were forced to continue their work by goons from whom JC Penney sources materials. How can Ackman gives lessons in morality?
Proto Labs: A 3-D Horror Show Not Worth The Price Of Admission [View article]
In terms of your analysis. You should understand that statements like below are general disclaimers found in 10K of many companies. You can't read too much into them.
"Although our revenue has grown from $44.4 million for the year ended December 31, 2008 to $126.0 million for the year ended December 31, 2012, we likely will not be able to maintain our historical rate of revenue growth."
What Bill Ackman Doesn't Want You To Know About The FHTM Case [View article]
What Bill Ackman Doesn't Want You To Know About The FHTM Case [View article]
It may breach loan covenants, may get a notice from NYSE (although actual delisting unlikely), may have to suspend buy back due to financial troubles.
At least one Herbalife (HLF -1.4%) shareholder says that not only won't he sell his shares on the KPMG news, but he'd be a buyer if it gets cheap. Activist investor Robert Chapman Jr. has been betting on HLF for some time, and says he's "very long" and will double his position today if it falls materially. [View news story]
Intel: This Chip Maker Is Breaking The Curse [View article]