Herbalife hits new highs as DA Davidson suggests buyback may be close

|About: Herbalife Ltd. (HLF)|By:, SA News Editor

Herbalife (HLF +3.2%) surges to a fresh 52-week high.

The catalyst: Recycled chatter regarding a leveraged share buyback.

The call looks to have emanated from a familiar place, as multiple sources are attributing it to DA Davidson's Tim Ramey.

Summing up the story: KPMG's "troubles" earlier this year might have delayed an HLF buyback which may now be back on the table once PwC signs-off on the company's financials.

Ramey suggested recently that HLF may be due for a settlement for the trouble KPMG caused, while Ackman is of course putting pressure on PwC.