Guess who isn’t getting an invite to the next Icahn event? You guessed it, Jefferies.
Apparently, Carl was trying to unload some of his HLF positions and one of the sages at Jefferies thought it’d be a good idea to call up Billy Ackman to see if he wanted to buy the stake. You know, to cover his ridiculously unprofitable short.
Ackman said no, and then immediately ran to the media to spread the news.
“If Carl sells, I think it can accelerate the demise of the company,” Ackman told CNBC. “With Carl there, they may have a better chance of keeping top distributors. With Carl exiting, I think it’s over and it’s over quickly.”
On the day Herbalife’s FTC settlement was announced, Icahn declared victory, saying in a written statement that “the shorts have been completely wrong on Herbalife.”
Jefferies has a long standing relationship with Icahn. For them to tell Ackman that he’s selling shares was either really stupid or done on purpose to hurt the benevolent dictator, Uncle Carl Icahn.
HLF was down more than 7% earlier this morning and has since crept back up a little.
I think by 2018 both Ackman and Icahn will have made money on their $HLF trades.
Or Carl had them do it just to rub it in Ackman’s face
Don’t fuck with Uncle Carl — Icahn buys 2.3 million more Herbalife shares; slams Ackman’s ‘obsessive’ remarks http://www.cnbc.com/id/103896655
http://www.cnbc.com/id/103896655
”Twas but a simple plan…..designed to fuck with ackman and enrich the Grand Old Uncle