Pershing Square's Bill Ackman responds to Herbalife's (HLF -3%) Analyst Day presentation, saying...

Pershing Square's Bill Ackman responds to Herbalife's (HLF -3%) Analyst Day presentation, saying that "Herbalife promised to provide a detailed refutation of each of the facts... Instead, the company distorted, mischaracterized, and outright ignored large portions of our presentation." Ackman notes that HLF explicitly ignored most of his key accusations, such as overstatements and inaccuracies in the company's earnings statement for distributors, which among other deceptions, excludes the 93% of distributors that have zero gross earnings.

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Comments (8)
  • daver
    , contributor
    Comments (89) | Send Message
    If anyone watched the HLF presentation it is clear that Ackman presented all kinds of misleading information. Frankly, it is embarassing for him. I can see why Loeb could somewhat quickly figure this out and move in to buy 8% of the shares at really great prices. I encourage folks to go to the HLF website and watch their rebuttal. But first watch Ackman's presentation so that everything is in context. You will be surprised at how far Ackman went and you will likely seriously consider buying the stock at current levels.


    Disclosure: I am long HLF and after watching the presentation I am hoping the stock goes down again so that HLF will have the opportunity to buy back shares at low prices. In the long run there is no question the shares will trade higher.
    10 Jan 2013, 02:11 PM Reply Like
  • sat_mcsd1
    , contributor
    Comments (62) | Send Message
    Do you know when can they do the share buyback? I do not think anything was mentioned about the buy backs.
    10 Jan 2013, 03:27 PM Reply Like
  • Herbascum
    , contributor
    Comments (105) | Send Message
    Why don't someone talk to the people at the bottom of the food chain.
    11 Jan 2013, 02:09 AM Reply Like
  • Gary L K
    , contributor
    Comments (1106) | Send Message
    Herbalife makes it's money tell telling people that they can make money, have a little business and a better life. Then it sucks a few thousand dollars or more out of then kicks them out and tells the people it's their fault they didn't make money.
    This is one company that needs to go down for the benefit of the people they lie to.


    Disclosure: My friend has this house filled with Herbalife life junk (About $2000) that his wife bought so she could make some money and contribute to the family. She now wants to buy $1000 more to stay in, go up to the next level and get a larger discount. Even though she can't move more then a few shakes to her kids. She is not yet disillusioned. Her husband can't say anything more as it would be a big fight and not worth it. This seems to be a typical story.
    The leeches that hope to make money off these people need to get a good haircut, below the waist.
    10 Jan 2013, 02:28 PM Reply Like
  • tineke
    , contributor
    Comments (36) | Send Message
    This issue with your friend's wife, bying products in order to go to the next level, is not Herbalife that imposes it on her. It is her own decision ! Herbalife is a self-employed biz. Like in any other business, the boss of the biz is responsible for his or her own actions !
    11 Jan 2013, 06:31 AM Reply Like
  • Gary L K
    , contributor
    Comments (1106) | Send Message
    It is trickery, deceit and deception to suck people in telling them they can have a money making business then 93% make nothing.
    Your blaming the victim, you must be from Herbalife life to support this trickery.
    Being told lies to put money into something worthless makes the person telling the lies, Michael Jackson and the 1% making money responsible.
    But maybe you believe the Herbalife corporate philosophy and business plan, "Never Give A Sucker An Even Break", then blame them for the sad outcome.
    "Want to Lose Money, ASK Herbalife How"
    11 Jan 2013, 08:08 AM Reply Like
  • Piptief
    , contributor
    Comments (1314) | Send Message
    Daver, if I were you, I would tread carefully. This short on Herballife is like the Paulson short on US mortgages from way before the bubble crashed...this will take some time...but it could end up being very very painful.


    History is replete with examples of companies that announced and executed buybacks that don't let the "buyback" argument take you for a ride
    10 Jan 2013, 04:13 PM Reply Like
  • Rbbrooke
    , contributor
    Comments (65) | Send Message
    Go home Ackman. You are done. You and your army of researchers cannot even do the most basic of fact finding. I watched your full presentation appalled at how misinformed you are and how intentional you were in your inflammatory spin.
    Sure HFL has some hype going on but you dont even understand the business model and instead of learning you make unfounded accusations.
    I watched HLFs full presentation this morning. They crushed you. I hope you lose the full bilion
    14 Jan 2013, 08:33 AM Reply Like
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