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Thursday, Dec 20
2012, 12:50 PM
Pershing Square's Bill Ackman gives his presentation on Herbalife (HLF -4.2%) this morning, and...
Pershing Square's Bill Ackman gives his presentation on Herbalife (HLF -4.2%) this morning, and Barron's Brandon Conway was there to take notes. Ackman kicks it all off by saying he is in fact short the stock, but refutes the accusation that he's pushing the shares down because he owns puts due to expire at the end of the week. He focuses instead on what he sees as HLF's questionable R&D, phony reliance on PhD credentials, and flashy sales promotions as demonstrable proof of the classic pyramid scheme. Take a look: Barron's HLF presentation notes.