Seeking Alpha

Herbalife says no "material changes" after PwC completes re-audit

  • Herbalife (HLF) says PricewaterhouseCoopers has completed its re-audit of the company's financials for fiscal years 2010, 2011, and 2012.
  • The company is now up to date with the SEC after filing a 10-K/A for 2012 and 10-Q/As for this year.
  • HLF says there "were no material changes" to any of its audited financial statements. (PR)
  • Shares are halted
Comments (22)
  • No surprise there...
    16 Dec 2013, 03:38 PM Reply Like
  • Don't worry shorts-> Matt & Quoth will explain why this isn't important
    16 Dec 2013, 03:49 PM Reply Like
  • I guess that makes my Dec 21 puts at $60 good THAT I SOLD = MONEY IN THE BANK!!!!
    16 Dec 2013, 03:55 PM Reply Like
  • LOL - How a clean audit is "sinister" no doubt...
    16 Dec 2013, 03:56 PM Reply Like
  • only 3 days to expiry!
    I sold Jan $65 puts. "Free money"
    17 Dec 2013, 04:37 AM Reply Like
  • Hear hear!
    16 Dec 2013, 03:40 PM Reply Like
  • But Bill and QTR said this was a short candidate. After a $1B offering (financed mostly by proceeds from the KPMG suit), this will be at $95. Only wish I let my position ride longer but glad to see the squeeze.
    16 Dec 2013, 03:53 PM Reply Like
  • i prefer dividend, not buyback. but, my entry level is 28 :) in fact, i bought at 56 before stock split... dividend, please :)
    16 Dec 2013, 04:02 PM Reply Like
  • Where are all the doubters now......................

     

    Oh, I forgot, this is not that important................
    16 Dec 2013, 03:55 PM Reply Like
  • I am a doubter.
    16 Dec 2013, 04:32 PM Reply Like
  • KABOOM! I sold half my long position at HOD - $77.25! The rest can wait for $100.00

     

    THIS IS HUGE!
    16 Dec 2013, 04:11 PM Reply Like
  • it's not changing the fact that HLF is a ponzi
    16 Dec 2013, 04:18 PM Reply Like
  • Doesn't change the business model. The fundamentals will drive the outcome here. Still short $HLF.
    16 Dec 2013, 04:21 PM Reply Like
  • Why change now......................
    16 Dec 2013, 04:59 PM Reply Like
  • AND short more money too!
    16 Dec 2013, 05:00 PM Reply Like
  • guess PwC didn't bother to read HAckman's 50-page letter!
    17 Dec 2013, 04:33 AM Reply Like
  • Your are right QTR, it doesn't change the business model. Herbalife was clean before and clean now. Perhaps even cleaner. Funny though how before the audit so many shorts were relying on a bad audit to sink HLF. Better luck next time.
    30 Dec 2013, 01:49 AM Reply Like
  • Will Ackerman be 2014's Eike Batista? Billionaire to ........
    16 Dec 2013, 04:45 PM Reply Like
  • Time to short Ackman.
    16 Dec 2013, 05:07 PM Reply Like
  • as Sonny Corleone said to Michael.. "this is business, don't take it personal."
    16 Dec 2013, 05:21 PM Reply Like
  • Quote the raven will short belgium court and the auditors next time...LOL
    17 Dec 2013, 01:00 AM Reply Like
  • thodoris91.
    that is a very extreme claim.
    you evidently need to look up the word ponzi.
    i am dissapointed at people's lackluster of facts and wish to just sound good or powerful....
    17 Dec 2013, 07:34 AM Reply Like
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