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HLF

Herbalife Ltd.

5/22/2013, 12:14 AM ET

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Tuesday, May 21, 4:18 PM Herbalife's (HLF +2.7%) naming of PricewaterhouseCoopers as its new outside auditor puts an end to a six-week search, which turned out to be an unusually difficult and drawn out process - the company actually had to seek counsel from the SEC to avoid conflict of interest issues - and was intensely scrutinized because of the bitter public battle between Ackman and Icahn over HLF's business model. The news is a positive for the shares today, if only because the company has been blocked temporarily from raising money in the markets because of its lack of an auditor. Comment! [Healthcare, Consumer, Global & FX, On the Move]
Tuesday, May 21, 12:30 PM Herbalife (HLF +4.1%) hires PricewaterhouseCoopers as its new auditor. PwC will begin to immediately re-audit the company's financial statements for the fiscal years ending in 2010, 2011, and 2012, as well as review 2013 Q1. (PR) 3 Comments [Breaking News, On the Move]
Thursday, May 16, 5:00 AM Based on his latest 13F filing with the SEC, Carl Icahn put in a solid Q1 as the value of his holdings rises from $12.9B at the end of Q4 to $16.9B as of March. New additions include loudly trumpeted stakes in Herbalife (HLF) and Dell (DELL) as well as a 3.7M share stake in Nuance Communications (NUAN). Icahn's Netflix (NFLX) stake remains on the books and is now worth more than $1B. Comment!
Wednesday, May 15, 6:03 PM Third Point discloses new positions in: Anadarko Petroleum (APC), BE Aerospace (BEAV), Cabot Oil (COG), Chimera Investment (CIM), Hess (HES), Hilshire Brands (HSH), Tiffany (TIF), Thermo Fisher (TMO), and Virgin Media (MMED). It raises stakes in: AbbVie (ABBV) and International Paper (IP), and exits Abbott Labs (ABT), Capital One (COF), Coca-Cola Enterprises (CCE), Herbalife (HLF), Illumina (ILMN), MetLife (MET), Morgan Stanley (MS) and Tesoro (TSO). (13-F) 4 Comments
Thursday, May 9, 3:36 PM Charles Gasparino says that Third Point's Dan Loeb was apparently cracking jokes about Bill Ackman and his research behind Herbalife (HLF +1.8%) during a SALT 2013 presentation today. Loeb said the market essentially overreacted to the "Ack-attack" given cash flow and other metrics, and that Carl Icahn gave him confidence in taking a long position in the stock, which he has since gotten out of. 15 Comments [Healthcare, On the Move]
Wednesday, May 8, 2:53 PM Sometimes it's better to be ignored. Such is the case for Herbalife (HLF +1.3%) today, as the stock ticks back near its high following Ackman's glaring lack of comment at Ira Sohn. The stock had initially opened higher on the report of Carl Icahn's increased stake, but drifted lower over the course of the day as investors squared off ahead of Ackman's presentation. On good reason for Ackman to keep mum; the stock has risen nearly 28% over just the past month. 4 Comments [Healthcare, On the Move]
Wednesday, May 8, 9:08 AM Herbalife (HLF) gains 1.2% premarket after Carl Icahn disclosed an upped stake in the company (from 15.9% to 16.5%). Bill Ackman speaks today at the Ira Sohn conference. 5 Comments [On the Move]
Tuesday, April 30, 12:57 PM Herbalife (HLF +3.2%) was set to raise cash for a share buyback before KPMG resigned as auditor, according to comments made on the company's call. HLF, which has borrowed to repurchase shares in the past, says it "had no choice but to temporarily halt" a planned debt deal and now expects to "be more conservative regarding share repurchases." In the short-term, any buybacks will be "opportunistic" and will be funded by the company's "strong cash flow from operations," CFO John DeSimone says. As WSJ notes, "shareholders had been hoping the company would accelerate its share buybacks to fend off" Bill Ackman. (earnings call transcript) 3 Comments
Monday, April 29, 5:19 PM More on Herbalife (HLF): Q1 beat analysts' expectations, marking the 17th straight quarter the company has topped Wall Street's estimates. It also boosts its full-year earnings view, now seeing earnings of $4.60 to $4.80 a share. For Q2 it projects earnings of $1.14 to $1.18 a share and sales growth of 11% to 13%. Analysts are looking for $1.26 and 14%, respectively. 2 Comments [Healthcare, Earnings]
Monday, April 29, 4:16 PM Herbalife (HLF): Q1 EPS of $1.27 beats by $0.21. Revenue of $1.12B beats by $0.01B. Shares -3.3% AH. (PR) 4 Comments [Earnings, Breaking News, Healthcare, On the Move]
Monday, April 29, 12:10 AM Notable earnings after Monday’s close: ANAD, ANH, BWLD, CBL, CRK, CSE, CYH, DTLK, ESRX, GGP, HIG, HLF, HTZ, IDTI, JEC, MAS, MSTR, NEM, PCL, QGEN, RGR, RJET, RVBD, SBAC, SSW, SU, TXRH, VECO 1 Comment [Earnings]
Sunday, April 28, 5:35 PM Notable earnings after Monday’s close: ANAD, ANH, BWLD, CBL, CRK, CSE, CYH, DTLK, ESRX, GGP, HIG, HLF, HTZ, IDTI, JEC, MAS, MSTR, NEM, PCL, QGEN, RGR, RJET, RVBD, SBAC, SSW, SU, TXRH, VECO 1 Comment [Earnings]
Friday, April 12, 10:44 AM DA Davidson does an about-face on Herbalife (HLF -1.3%) this morning, upgrading the shares to Buy once again after the company made assurances that they didn't see any risk of a delisting notice from the NYSE, nor do they believe they're in violation of their loan covenants. Davidson had cut the stock to it to Neutral earlier in the week due to uncertainty over the the news of KPMG resigning as its auditor and its impact on the company's NYSE listing. 8 Comments [Healthcare]
Friday, April 12, 2:58 AM The FTC has released 100 complaints from people who paid money to companies that promoted "work from home" opportunities, only to discover later that they were being asked to join Herbalife's (HLF) network and sell its products. The people then had trouble getting refunds. The batch of complaints about Herbalife is the second this year that has been released and will add to questions about its business practices. 41 Comments [Consumer]
Thursday, April 11, 2:37 PM Herbalife (HLF +3.8%) pops on reports from CNBC that the criminal complaint filed against the charged former KPMG auditor Scott London inferred the company was going to go private. However, the SEC complaint doesn't appears to discuss a takeover of HLF, but instead refers to London passing information to Shaw on mergers involving RSC Holdings and United Rentals, and Pacific Capital with Union Bank. Comment! [Healthcare, On the Move, M&A]
Wednesday, April 10, 11:39 AM Shares of Herbalife (HLF -0.7%) leg down again today, extending yesterday's slide stemming from KPMG's resignation as its auditor and firing the partner in charge of auditing the company's books on allegations of insider trading. However, in stark contrast, Skechers (SKX +1.7%) - the other company caught up in KPMG's fiasco - shrugged off the news to gain 1.7% yesterday and is up again today. 1 Comment [Healthcare, Consumer, On the Move]

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