Shares of HLF are higher by 2.5% in the after hours, after Icahn made a request with the FTC to increase his stake in HLF to 50% from the maximum allowed 35%. Clever Icahn is using the bully pulpit to squeeze the shit out of Ackman, a man teetering on the brink of hedge fund catastrophe–following immense paper losses in VRX and his HLF short.
In a delivering alpha interview, Icahn said HLF ‘would be better off private’ and that “Ackman’s smart” but it’s “absurd to have a major short position” in the shares at this point in time.
He then went on to talk shit about the market, with flowery language festooned with fire and brimstone.
If you enjoy the content at iBankCoin, please follow us on Twitter“You look at the environment, and I think it’s very dangerous. You’re walking on a ledge and you might make it to the end, but you fall of that ledge and you’re really going to see trouble,” he said Tuesday at the Delivering Alpha conference presented by CNBC and Institutional Investor.
As the rest of the market wonders whether the U.S. central bank will enact a rate hike this year, Icahn insisted, “I don’t think it matters, because either way there’s a problem.”
“If they don’t raise rates, I think we’re in a major bubble,” he added.
this is clearly and blatantly a bubble for a couple years now. which debt pile ignites it is the trick.
But… Who is buying the debt? Investors?
wow Icahn goes attempts to chop off Ackman head when he is down. the hubris of ackman to go up against Icahn the warrior with decades of battle scars.
https://www.youtube.com/watch?v=Mz1HVCgveyA
It is like “they” are trying their best to force everything to go down so we can rally again.
Icahn doesn’t scare Ackman at all. This is all being used as a way for him to exit his position. $HLF is a dead man walking right now. This stock is going to plummet on the next earnings call.