This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Herbalife Wants Ackman's Clients To Dump Pershing Square

Stocks in this article: HLF

Moelis and Ackman have apparently known each other for years and even worked together on other activist campaigns, including one against The Procter & Gamble Company " class="ticker" target="_blank"> (PG) last year.

Other investors oppose Ackman

Shares of Herbalife Ltd. " class="ticker" target="_blank"> (HLF - Get Report) have more than doubled so far this year thanks to investments from major investors opposing Bill Ackman. Carl Icahn, Kyle Bass, Bill Stiritz, George Soros and Stan Druckenmiller have all poured money into Herbalife this year, betting that Ackman is wrong.

It has been about a year since Ackman publicly announced his $1 billion short of Herbalife, calling it a pyramid scheme and saying he believed the stock would go to zero. There were indications that Ackman moved to cover part of his short position over the last few months.

Meanwhile Ackman’s attacks on the nutritional supplements company have continued as he contacted the company’s new auditor PricewaterhouseCoopers and tried to push regulators into investigating Herbalife as a pyramid scheme. Ackman also made a new presentation against Herbalife Ltd. " class="ticker" target="_blank"> (HLF - Get Report) last month at the Robin Hood investors’ conference.

-By Michelle Jones

2 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,222.10 -165.11 -0.95%
S&P 500 2,015.28 -14.27 -0.70%
NASDAQ 4,666.7610 -14.7360 -0.31%

Partners Compare Online Brokers

Free Reports

Articles From Newser
How a Missing 'S' Killed a 134-Year-Old Company
Kickstarter's Most-Backed Project: Exploding Kittens
Putting a Price on Our Love for Our Pets: $5.28
See more stories

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs