Seeking Alpha

Soros takes long position in Herbalife: CNBC

  • George Soros has taken a "large" long position in shares of Herbalife (HLF +8.1%), CNBC's Scott Wapner reports.
  • The position is supposedly one of Soros' largest.
Comments (31)
  • youngdub774
    , contributor
    Comments (36) | Send Message
     
    Might be time for Ackman to just throw in the towel.
    31 Jul 2013, 11:31 AM Reply Like
  • Akmanscam
    , contributor
    Comments (2072) | Send Message
     
    I am glad Ackman didn't cover. Let him crash and burn. But hey HLF longs, just think where HLF stock will be when Ackman does cover? $80? $90? $100??

     

    Keep holding Ackman and keep losing.
    31 Jul 2013, 04:09 PM Reply Like
  • benito67
    , contributor
    Comments (59) | Send Message
     
    there money will bury ackman sooner or latter...nowhere to go but up till he gets out and throws in the towel
    31 Jul 2013, 11:34 AM Reply Like
  • Matt Jonza
    , contributor
    Comments (86) | Send Message
     
    hey bill, the hits keep on coming... give it up haha
    31 Jul 2013, 11:34 AM Reply Like
  • Brandond
    , contributor
    Comments (339) | Send Message
     
    Two of the richest guys in the world taking large long positions yet dummies spew garbage about this being a Ponzi scheme. It's not folks, move on. Wait till HLF gets it financials re-audited (due to the KPMG Partner's insider trading). HLF CEO hinted yesterday that they could leverage up balance sheet by $1 BILLION. Take a billion of shares out of the market and have large holders controlling another 40% of the company and this is setting up to destroy Ackman (but he hasn't sold a share)
    31 Jul 2013, 11:41 AM Reply Like
  • Herbalifestudy
    , contributor
    Comments (163) | Send Message
     
    Ackman is probably fairly hedged, scooping up those aug 55 calls earlier. But now the competition is on, on who will eventually sell William his 20mi shares when he covers.
    31 Jul 2013, 11:46 AM Reply Like
  • Mike Andrewes
    , contributor
    Comments (75) | Send Message
     
    Ackman holding all those shares short might prove to be the most stubborn move in the history of investing or stubbornness.
    31 Jul 2013, 11:47 AM Reply Like
  • Jason Burack
    , contributor
    Comments (1718) | Send Message
     
    Ackman is pretty screwed. How large or a short position was this for him? Herbalife was never a Ponzi. It's just a bad business where it's tough for distributors to make any money.
    31 Jul 2013, 12:56 PM Reply Like
  • Craig Joyce
    , contributor
    Comments (37) | Send Message
     
    Q. Name Carl Ichan's favorite movie?

     

    A. "Kill Bill."
    31 Jul 2013, 01:03 PM Reply Like
  • Akmanscam
    , contributor
    Comments (2072) | Send Message
     
    I have been a successful trader since the 1990s. Currently long on HLF and also have a large balanced portfolio.
    31 Jul 2013, 04:08 PM Reply Like
  • Akmanscam
    , contributor
    Comments (2072) | Send Message
     
    I love that! lol
    31 Jul 2013, 04:09 PM Reply Like
  • Mike Andrewes
    , contributor
    Comments (75) | Send Message
     
    $1 billion says CNBC.

     

    http://cnb.cx/1aWXcIk
    31 Jul 2013, 01:03 PM Reply Like
  • kickshark
    , contributor
    Comments (28) | Send Message
     
    This is what happens when you publicly brag about your shorts.
    31 Jul 2013, 01:21 PM Reply Like
  • cn_habs
    , contributor
    Comments (211) | Send Message
     
    I think he made his short position public hoping to bring HLF under much quicker.
    31 Jul 2013, 01:34 PM Reply Like
  • The_Hammer
    , contributor
    Comments (3806) | Send Message
     
    Hackman is in for some real pain.... I mean his clients. This could be the one to take him down. It amazes that these guys blowup 100's of millions if not billions (LTCM) but come back and get money poured into their pockets. This party is coming to an end soon.
    31 Jul 2013, 01:26 PM Reply Like
  • Akmanscam
    , contributor
    Comments (2072) | Send Message
     
    Isn't it funny how so many people forget that Ackman made this trade with clients money, not his. You have to be insane to have Ackman manage your money.
    1 Aug 2013, 03:23 PM Reply Like
  • cn_habs
    , contributor
    Comments (211) | Send Message
     
    Are Soros and Icahn friends?
    Ackerman is screwed either way.
    31 Jul 2013, 01:33 PM Reply Like
  • scchan.2009
    , contributor
    Comments (202) | Send Message
     
    Soros Fund Management and Pershing Square Capital are both in 888 7th Avenue. I am sure Bill now officially hates his neighbour on a different floor.
    31 Jul 2013, 02:59 PM Reply Like
  • johnch789
    , contributor
    Comments (38) | Send Message
     
    who buys herbalife products? lived over a half a century and NEVER met anyone who actually uses this ....
    31 Jul 2013, 01:54 PM Reply Like
  • SoCalNative
    , contributor
    Comments (423) | Send Message
     
    Exactly! I have no dog in this fight but, I have never seen or been approached by anyone selling Herballife products???? I do think Ackman is heading for a world of hurt though. Is there a cutoff to when he has to close out his position or are his losses limitless???
    31 Jul 2013, 02:38 PM Reply Like
  • barmen
    , contributor
    Comments (126) | Send Message
     
    @johnch789
    i do :)
    http://goo.gl/BP59U
    it is me with close to 134 kilos (my all time high), and me with 94 kilos (now i have just 92).

     

    regards.
    tom :)
    31 Jul 2013, 03:56 PM Reply Like
  • Lone Star
    , contributor
    Comments (73) | Send Message
     
    Contact me I can tell u about HLF products
    31 Jul 2013, 06:43 PM Reply Like
  • Akmanscam
    , contributor
    Comments (2072) | Send Message
     
    Wow johnch789. That is exciting news. I have heard that Herbalife has a market potential of 3-4 billion across 88 countries and now you are proof that Herbalife is still a ground floor opportunity and what an opportunity for longs. I'm buying more shares and more Herbalife products too. I love em!
    1 Aug 2013, 03:23 PM Reply Like
  • Brandond
    , contributor
    Comments (339) | Send Message
     
    I buy their shakes (24 product). Funny thing is, one of my regular golf buddies never heard of Herbalife products until he noticed the action in the stock. After we started to talk about their products, based solely on Ackman/Icahn brewhaha, my buddy bought some of their shakes and a skin cream his wife wanted.
    1 Aug 2013, 03:33 PM Reply Like
  • financeminister
    , contributor
    Comments (606) | Send Message
     
    I don't know... I'm starting to think some of these limelight hogging hedgefund managers might be smart Harvard products and all that but when it comes to getting returns and preserving capital, your average retail investor can do as good if not better by sticking to simple investing basics and not being too emotionally driven.... I mean, a simple DGI buy, hold and monitor strategy with a mix of carefully selected 80% blue chip DGI companies and 20% higher beta and growth DGI companies (my preferred ratio) seem to be doing better than these guys and the market in the long run.

     

    I really don't know what makes these guys tick? I guess it's just the size of their billion dollar assets and a few good hits in the past. Some of the smartest guys on the planet who won Noble prizes ran LTCM and almost busted the global economy.

     

    Just my 0.02$ dividend.
    31 Jul 2013, 01:56 PM Reply Like
  • Mike Andrewes
    , contributor
    Comments (75) | Send Message
     
    Some of them are brilliant and gutsy. Carl Icahn made over a billion profit on Netflix stock. That's double the net income of Netflix dating back to 2009 and Carl hasn't even been mailing out any of the DVDs himself!
    31 Jul 2013, 02:32 PM Reply Like
  • Herbalifestudy
    , contributor
    Comments (163) | Send Message
     
    Quantum was invested in Pershing but pulled out after the HLF short trash-talk circus. Then he went into JCP long and now apparently long HLF.

     

    This constant questioning of end-customers and demand. Be professionals and listen to the 3rd party researches and not your personal perceptions of HLF products.
    31 Jul 2013, 02:49 PM Reply Like
  • cn_habs
    , contributor
    Comments (211) | Send Message
     
    If HLF does a share buyback and Icahn + Sorros keeping adding to their long positions, Ackerman will be lose both face and god knows how many millions...
    31 Jul 2013, 03:15 PM Reply Like
  • Akmanscam
    , contributor
    Comments (2072) | Send Message
     
    Plus there is also the 3 million + Herbalife Distributors and over 6,000 Herbalife employees who are consistently buying HLF stock. All of this spells trouble for Ackman and anyone else who may be short.
    31 Jul 2013, 04:08 PM Reply Like
  • Craig Joyce
    , contributor
    Comments (37) | Send Message
     
    "Ackman", not "Ackerman."
    31 Jul 2013, 03:22 PM Reply Like
  • Andrew Williams
    , contributor
    Comments (235) | Send Message
     
    If Soros owns more than 5% of HLF shares (worth about $340 mm) then I assume he has to disclose that in an SEC filing.
    1 Aug 2013, 08:08 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector

Next headline on your portfolio:

|