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In a meeting with investors, Greenlight Capital's David Einhorn acknowledges that he closed a...
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Thursday, January 24, 10:48 AM ETIn a meeting with investors, Greenlight Capital's David Einhorn acknowledges that he closed a short position in Herbalife (HLF -0.2%) for a profit last year. Einhorn, who questioned HLF in May about why they had stopped providing information tracking certain groups of its distributors in its filings, never said he had any position at the time, nor does he disclose the size of the profit or the position now.
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This news story has 9 comments:
resulting panic.
Mouth to mouth marketing is bad?
Company sells a real product to real people for their consumption for many years.
All companies that sell massive products try to recruit customers in different ways.
What about Costco, or Sam´s. They sell products in bulk presentation so consumers can sell them ahead to another people or consume them by theirselves.
The first consumer gets reward points as well. That said, should we classify these companies as pyramid schemes?
Herbalife has a product portfolio, they sell them door by door thru its representatives.
Rainbow vacuums, another pyramid.
Customer loyalty and repetitive buys are different things, more related to future performance.
Some of Us can still CONVINCE Ourselves of ANYTHING We want.
Herbalife Preys on Idiots.
ALWAYS has.
Only BIAS or Ignorance can DENY this!
lol