Here is a picture of Bill Ackman, who actually cried during his ‘short HLF to zero’ presentation today.
I’ve seen my share of odd moments during annual meetings, but until Thursday I’d never seen a grown man cry during one. O.K., maybe “cry” is a bit of an overstatement for what happened. Still, it was pretty startling when, in the middle of his speech to Target Corporation shareholders, William A. Ackman, the hedge fund manager who had waged an expensive, high-profile proxy fight against the company, suddenly choked up and stopped speaking. He wiped away a tear.
Source: NYT
Montauk Bill Ackman embarrassed himself today. After alluding to what would be ‘proof of fraud’ yesterday, the JCP turn around specialist all but eviscerated himself and his partners at Pershing Square today, by throwing gasoline onto the shares of HLF thanks to a fucked in the head short thesis presentation–leading to an epic 25%+ one day surge in the shares.
At this point, Bill should just do his partners a favor and resign as CIO of Pershing Square. It’s bad enough he’s getting taken to the woodshed on his HLF deal. But it’s a whole different story that he’s spent upwards of 50 million dollars ‘researching‘ it.
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Imagine ol’ Carl pulling the lever on *that* guillotine… wow! I see now – that’s how you earn it…
The moment he cried people in the audience went long. Just ridiculous.
Best day in $HLF history. LOL.
Amazing that these guys have so much sway in the market. Einhorn has also been totally wrong on GMCR and CMG.
Ackman should ask Einhorn to teach him poker… lol Ackman is doing the equivalent of staying in a game where he has no edge, bluffing himself broke at a table full of sharks.
so is HLF *not* a pyramid fraud?
if not. why in the world are people paying that much for protein powder?
people pay a lot for $TIF rings, too.
Certain communities have horrendous ideas on what is healthy and what it should cost. Consume sugar like a shop vac then drink high dollar horse piss for perfect health. It is a south of the border thing.
No, no… still *definitely* a pyramid scheme. But nobody but Ackman cares. That’s really the important part.
Ackman is an embarrassment to professionals everywhere.
Certain folks I know, who love him and Einhorn, are still saying that HLF is going to zero. Pure lunacy.
I also think the SEC should fine him, at the very least, for the manipulation he’s been producing. I bought calls and puts yesterday, the puts are essentially worthless. The calls, however, are not.
Who gives a shit about his track record, when he wastes $50mm on bullshit.
What a pussy
Bet against that cunt Janet Yellen … Puma Biotechnology, Inc. (PBYI) After Hours : 178.80 Up 119.77 (202.90%)
“I’m telling you he’s like a crybaby in the schoolyard. I went to a tough school in Queens, you know, and they used to beat up the little Jewish boys. He was like one of the little Jewish boys crying …”
-Icahn
Things are too bullish. Things are forgotten about the recent past. I have a 25 call 75 put ratio of options.
He is definitely wears liped-stick.
What I’d like to know is, how the fuck is this legal? He may have a case, I don’t know the first thing about HLF, maybe it is a ponzi scheme.
But this bullshit where guys like him and Icahn can go on twitter or cnbc and move the markets like this must surely be against some rule?
Was it just their words or their pocketbooks that were moving the price? HLF is like 35% short interest.
The interesting thing to me is how many of the CFA guidelines he has violated with this, and yet no one has raised that concern. Guess those rules, like the others in finance, only applies to us plebs.
You conveniently omit that Ackman’s fund is in the top decile, performance wise YTD. He also did not perform badly despite his JCP investment and the fact that HLF did not perform as he expected. You should potentially look at the big picture rather than get lost on minutiae. You also conveniently omit that the stock tanked 12+% the day before the 25% surge. I am not hyping Ackman but recommend to look at the context which you all so often omit in order to serve yourself through addressing your rough-speak addicted following crowd.