- Renewing his attack on Herbalife (NYSE:HLF), Bill Ackman reiterated his prediction that the company's stock price will collapse to zero - within a year.
- The hedge fund manager has been betting against Herbalife shares since 2012, claiming the company is a pyramid scheme.
- "We shorted it at $47 but because of option premium, borrowing costs, dividends, investigative expenses, our break even is around $31, $32," Ackman said.
- Herbalife's stock price closed at $32.73 yesterday after dropping 52% last year.