Herbalife bulls get a boost from Mr. Icahn


Herbalife (HLF) nominates three Carl Icahn supporters to the Board of Directors.

Icahn Enterprises, which has a 17% stake in the firm, leads the bullish faction versus Bill Ackman's Pershing Square bears.

Shares are up 8% premarket but volume is light.

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Comments (8)
  • Quoth the Raven
    , contributor
    Comments (2063) | Send Message
     
    The last arrow in Icahn's quiver. If I were an IEP investor, I really wouldn't be happy about this timing.
    24 Mar 2014, 07:26 AM Reply Like
  • jcdavidy2k
    , contributor
    Comments (11) | Send Message
     
    Great perspective, which is true. Appreciate the timing of your discussion. Many have come out of their rut by hope, faith, and potential to improve their lives. HLF, Amway, Avon, so many other companies give this opportunity to such folks. Agreed, there could be room to change some aspects of the corporate culture and allow sufficient room and support for everyone in the HLF train to have parallel opportunities. HLF and other MLMs have spread aroiund the world and I know several who have improved their well being, in terms of health and fitness, and additilonal earning capacity to supplement thier lives for themselves nad theor families. There is no point beating the hell out of a company, like some shorts do, to benefit themselves financially. Let there be a fair environment where everyone has a shot at financial well being. Stop bashing a company for selfish motives.
    24 Mar 2014, 08:11 AM Reply Like
  • june1234
    , contributor
    Comments (4412) | Send Message
     
    Probably all 3 lawyers
    24 Mar 2014, 08:23 AM Reply Like
  • Binhoff
    , contributor
    Comments (4) | Send Message
     
    People have been motivated and made big bucks in the mafia, street gangs, etc also.
    24 Mar 2014, 11:33 AM Reply Like
  • Andrei Volgin
    , contributor
    Comments (624) | Send Message
     
    Icahn should have locked in his profits and sent a thank you card to Ackman for creating this opportunity for him. Instead, his pride will see him holding on to this stock until all of his profits evaporate, and then some.
    24 Mar 2014, 11:48 AM Reply Like
  • Bart41
    , contributor
    Comments (3) | Send Message
     
    Shorting a position means you want a company to fail. That's really bad.
    Taking a long position means you want companies to succeed, people keep
    Jobs, etc. That's a good thing. Case closed.
    24 Mar 2014, 04:46 PM Reply Like
  • Andrei Volgin
    , contributor
    Comments (624) | Send Message
     
    Herbalife cheats people out of their savings. If it closes, it will be very good for millions of people, and bad for a few people at the top of the pyramid, including the management and shareholders.

     

    No company ever failed because someone shorted its stock. Companies fail because they have inept or corrupt management and inept shareholders who allowed that management to destroy the business.
    24 Mar 2014, 06:24 PM Reply Like
  • intra
    , contributor
    Comments (51) | Send Message
     
    Thank you, Bart41, for such an exceedingly stupid gem of thought. As Andrei correctly points out, shorting doesn't force a company to fail; it's the company itself that causes it's own demise. One is free to voice concern over a company's practices and/or business model and subsequently profit off of it via a short position. After all, Ackman has provided ample evidence, albeit largely ignored.

     

    I agree with you, Andrei, this is an ethical short.
    24 Mar 2014, 07:06 PM Reply Like
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