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In a meeting with investors, Greenlight Capital's David Einhorn acknowledges that he closed a...

In a meeting with investors, Greenlight Capital's David Einhorn acknowledges that he closed a short position in Herbalife (HLF -0.2%) for a profit last year. Einhorn, who questioned HLF in May about why they had stopped providing information tracking certain groups of its distributors in its filings, never said he had any position at the time, nor does he disclose the size of the profit or the position now.
Comments (9)
  • niterida7
    , contributor
    Comments (7) | Send Message
     
    and how is this legal again??
    24 Jan 2013, 10:56 AM Reply Like
  • wyostocks
    , contributor
    Comments (7703) | Send Message
     
    How the SEC doesn't treat this as some sort of market manipulation beats the hell out of me.
    24 Jan 2013, 11:03 AM Reply Like
  • barmen
    , contributor
    Comments (134) | Send Message
     
    freedom of speech? :)
    24 Jan 2013, 11:50 AM Reply Like
  • thomptex
    , contributor
    Comments (52) | Send Message
     
    Einhorn is a shark. He cries "Fire" in a crowded building.
    24 Jan 2013, 12:50 PM Reply Like
  • thomptex
    , contributor
    Comments (52) | Send Message
     
    Einhorn is a shark. He cries "Fire!" and makes money off the
    resulting panic.
    24 Jan 2013, 12:51 PM Reply Like
  • bazk66
    , contributor
    Comment (1) | Send Message
     
    Short a company that makes money.
    Mouth to mouth marketing is bad?
    Company sells a real product to real people for their consumption for many years.
    All companies that sell massive products try to recruit customers in different ways.
    What about Costco, or SamĀ“s. They sell products in bulk presentation so consumers can sell them ahead to another people or consume them by theirselves.
    The first consumer gets reward points as well. That said, should we classify these companies as pyramid schemes?
    Herbalife has a product portfolio, they sell them door by door thru its representatives.
    Rainbow vacuums, another pyramid.
    Customer loyalty and repetitive buys are different things, more related to future performance.
    24 Jan 2013, 03:06 PM Reply Like
  • itsthegrip
    , contributor
    Comments (2) | Send Message
     
    Wow!
    Some of Us can still CONVINCE Ourselves of ANYTHING We want.
    Herbalife Preys on Idiots.
    ALWAYS has.
    Only BIAS or Ignorance can DENY this!
    lol
    25 Jan 2013, 03:31 AM Reply Like
  • LouisRenault
    , contributor
    Comments (127) | Send Message
     
    I'm shocked, shocked to find that gambling is going on in here! (croupier hands him the money)
    24 Jan 2013, 03:07 PM Reply Like
  • Jazzmusician
    , contributor
    Comments (4) | Send Message
     
    Big money = Big Bullies = Einhorn and Ackman which should = SEC going after them for total stock manipulation. Not going to happen... I am sure they are enjoying once their Champagne at the expense of others. Cheers!
    24 Jan 2013, 03:08 PM Reply Like
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