Bill Ackman must be paying for some egregious sins to undergo this sort of cruel punishment. The stock market Gods have declared war on Pershing Square and they won’t quit until the enemy, in this case William A. Ackmam, has been vanquished.
“The company is currently in discussions with the FTC regarding a potential resolution of these matters,” Herbalife said in a regulatory filing on Thursday. “The possible range of outcomes include the filing by the FTC of a contested civil complaint, further discussions leading to a settlement which could include a monetary payment and other relief or the closure of these matters without action.”
The announcement stoked investor optimism that Herbalife can overcome the dispute without incurring much further damage. The company has waged a three-year battle with Ackman and his hedge fund, Pershing Square Capital Management, which made a $1 billion bet against the nutrition company.
With more than a billion short HLF, representing almost 9% of Pershing’s overall assets, this move is sure to apply pressure on some of his other positions, namely VRX.
You’ve got to be fucking kidding me.
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HLF is the mascot of the new economy. An illegal and fraudulent pyramid scheme that is used as a bear trap.
HAR HAR HAR Perishing Square. I feel bad for ol’ W. Albert but investing based on honest fundamentals and good business practice went out before I was born, if it ever existed on this planet.
*disclaimer – I’ve never been baller enough to manage 10 figures.
The HLF bet never made any sense. MLM schemes have been around forever and are an accepted business practice even if very few people do succeed with them. Chalk it up to the perils of ego.
I never thought I’d say it, but I’m starting to feel bad for poor William.