Pershing Square's Bill Ackman gives his presentation on Herbalife (HLF -4.2%) this morning, and...

Pershing Square's Bill Ackman gives his presentation on Herbalife (HLF -4.2%) this morning, and Barron's Brandon Conway was there to take notes. Ackman kicks it all off by saying he is in fact short the stock, but refutes the accusation that he's pushing the shares down because he owns puts due to expire at the end of the week. He focuses instead on what he sees as HLF's questionable R&D, phony reliance on PhD credentials, and flashy sales promotions as demonstrable proof of the classic pyramid scheme. Take a look: Barron's HLF presentation notes.

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Comments (9)
  • russellb73
    , contributor
    Comments (394) | Send Message
    Wow amazing how one rich investor can cause a stock to drop without any facts. To me HLF seems like a good company, look at the financials and growth etc. Buying more. Zacks rated #1 buy now at these prices.
    20 Dec 2012, 01:06 PM Reply Like
  • davidparent
    , contributor
    Comments (10) | Send Message
    No different than NuSkin - these are multi level marketing firms, not Ponzi schemes
    20 Dec 2012, 01:10 PM Reply Like
  • Pinocchio1
    , contributor
    Comments (206) | Send Message
    Time for the SEC to earn it's salary (paid by us) and put market manipulators behind bars.
    20 Dec 2012, 01:31 PM Reply Like
  • TwistTie
    , contributor
    Comments (2429) | Send Message
    I sent the SEC a simple email asking them to investigate this mess.


    Is anybody thinking about buying calls at this point?


    I almost did yesterday. Now it is almost irresistible.
    20 Dec 2012, 01:39 PM Reply Like
  • russellb73
    , contributor
    Comments (394) | Send Message
    Bought some long term calls and sold more OTM long term puts. If HLF just gets a clue and announces "SPECIAL DIVIDEND" (short sellers must pay dividends out of pocket).
    20 Dec 2012, 02:42 PM Reply Like
  • MichaelJ8
    , contributor
    Comments (884) | Send Message
    yeap buying some atm may calls... we will see how this plays out.
    20 Dec 2012, 03:08 PM Reply Like
  • randy58s
    , contributor
    Comments (2) | Send Message
    It must be an illegal scheme otherwise Bill Ackman would not risk being fine by the SEC. He went public with this mess. Long puts.
    20 Dec 2012, 03:38 PM Reply Like
  • sid18
    , contributor
    Comments (381) | Send Message
    Why would SEC fine him? Isn't he just expressing his opinion?
    20 Dec 2012, 10:06 PM Reply Like
  • Matt Jonza
    , contributor
    Comments (86) | Send Message
    pretty weak stuff if you ask me... i am going to buy some long term calls sometime next week after this plays out a bit more. herbalife makes quality products, if you haven't tried them you should
    20 Dec 2012, 05:14 PM Reply Like
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