“Jim Cramer has picked a winner in the Herbalife cage match.
As you will recall, two hedge fund giants–Bill Ackman and Dan Loeb–have taken the opposite sides of this trade.
Bill Ackman argues that Herbalife is an illegal pyramid scheme and has a price target of $0.
Dan Loeb dismisses Ackman’s claim as “preposterous” and has bought up 8% of the company.
Assuming one of these two doesn’t chicken out, someone is going to win big…and the other is going to lose big.
And Jim Cramer, it appears, thinks the winner is going to be Dan Loeb:
”
