Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Herbalife: No Value For Carl Icahn

|Includes: Herbalife Ltd. (HLF)

In our view, Carl Icahn made a smart move investing in Herbalife when its price dipped below the intrinsic value in December 2012. However, with the stock trading heavily upward, it has become plain cornering of Bill Ackman's short position, in our opinion. With intrinsic value now near $50 a share, the company, value-wise, is not of interest any more.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.