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HLF

Herbalife Ltd.

6/19/2013, 6:08 PM ET

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Tuesday, June 18, 2:45 PM Bill Ackman's Pershing Square says Herbalife (HLF +1.6%) "refuses" to release actual sales data, which violates a California injunction, and is requesting that regulators "promptly" initiate a probe of the company. Ackman says the release of the actual data collected by its distributors would "put to rest" whether it is or isn't a pyramid scheme. 40 Comments [Healthcare, On the Move]
Friday, June 14, 2:32 PM Is the short thesis on Herbalife (HLF +4.8%) really "in tatters," as D.A. Davidson's Tim Ramey suggests (I, II)? The analyst debates the point head-to-head with Herb Greenberg on CNBC. Greenberg notes that the YTD rally in the shares in not evidence of anything other than the stock going up, suggesting that the move has little to do with underlying claims about the company's business model. Ramey counters by reminding Greenberg that analysts get paid to make calls on where stocks are going and so far this year, HLF is up 48%. 10 Comments [On the Move]
Thursday, June 13, 7:00 PM California Democrat Linda Sanchez requests an FTC investigation of Herbalife (HLF) saying that as she has "learned more about the issue from [her] constituents … [she] believes it is the FTC's responsibility to examine allegations" that the company takes unfair advantage of one of the "country's most vulnerable populations." For its part, HLF says had she called the company, it would have explained how its products "change people's lives." 17 Comments
Thursday, June 13, 1:06 PM After reviewing Herbalife's (HLF +3%) short interest data, DA Davidson analyst Tim Ramey ponders whether Bill Ackman has thrown in the towel and "boxed" his short position on the stock. One option Ramey postulates is that Ackman may have sold deep in-the-money European-style put options to a counterparty, thereby significantly reducing his short exposure but allowing him to continue saying he hasn't covered. The pain has got to be great for Ackman right now on this one, the stock's total return is already pushing well over +40% YTD. 14 Comments [Healthcare, On the Move]
Wednesday, June 12, 10:45 AM Herb Greenberg, ever the skeptic, requests a copy of the full Nielsen report which has shares of Herbalife (HLF +7.3%) surging (previous). According to Greenberg, the company's response was: "No, sorry." 16 Comments [On the Move]
Wednesday, June 12, 7:00 AM Herbalife (HLF) releases the results of a Nielsen study showing 3.3% of the U.S. population purchased company products within the past 3 months, indicating 7.9M costumers. This is against a distributor network of just about 550K. "(This) confirms what we at Herbalife already know to be true: that Herbalife's products have a broad consumer base here in the U.S." After an AH pop last night, shares are off 1.25% premarket. 6 Comments [Healthcare, On the Move]
Tuesday, June 4, 2:21 PM Tell us what you really think Bill. When asked about bad press surrounding the Herbalife (HLF -4%) short in an interview with FT about his philanthropic work, Bill Ackman notes that he believes Pershing Square "has accomplished more for society in its for-profit activities than in its not-for-profit-activities," and says if he "manages to close [HLF] down [he] will consider it the greatest achievement of [his] life." It doesn't sound like HLF's Pershing Square problem is going away anytime soon. 31 Comments
Monday, June 3, 5:11 PM Canadian Pacific (CP) -2.9% AH on news Pershing Square Capital plans to sell up to 7M of its 24M shares in the railroad over the next six months to a year. Share price gains have pushed CP to comprise 26% of the hedge fund's holdings, Bill Ackman says in citing the reason for the pullback, but traders wonder if the Icahn-induced short squeeze in Herbalife (HLF) is forcing the sale. 5 Comments [Consumer, On the Move]
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. 4 Comments [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

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