NEW YORK ( TheStreet) -- With only a few shopping days before Christmas, Bill Ackman, CEO of Pershing Square Capital, did his best to take as many gifts out of as many Herbalife (HLF - Get Report) investor stockings as possible. On Dec. 20, Ackman promised to charity his personal profits from his firm's "enormous" short position in HLF to charity as the capper on an epic slideshow presentation in which he labeled the company a pyramid scheme and predicted it would fail.The timing of his analysis was perfect: immediately in front of shortened trading days, before the end of the year, with the backdrop of the "fiscal cliff." On Dec. 19, shares began an almost freefall from over $42 a share. Ackman gave his presentation the next day, and two days later, Herbalife shares reached a bottom of $24.24 -- ouch.
Investors Sweep Bill Ackman Into Dust Bin
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