Bill Ackman's Questions For Herbalife (HLF) ~ market folly

Thursday, February 14, 2013

Bill Ackman's Questions For Herbalife (HLF)

If you've followed the Herbalife (HLF) saga, you know there are some big name hedge fund managers involved on both sides of the trade.  Here's the breakdown:

- Bill Ackman makes short presentation against HLF
- Third Point's Dan Loeb goes long and explains why
- David Einhorn's Greenlight Capital used to be short HLF
- Carl Icahn seems to have been potentially long HLF at some point.  *Update: Icahn has just disclosed he owns around 12% of the company (with a large options position).

Now that you're all caught up, let's step into the next round of battle jabs.  Bill Ackman last week released a document/presentation entitled 'Questions for Herbalife' and we've embedded it below:

Ackman was also at the Harbor Investment Conference yesterday where he talked about HLF again.  He claimed that Dan Loeb's point that the majority of Herbalife's sales are abroad (providing protection against potential US regulatory implications) is a false premise because other countries wouldn't want a ponzi scheme either.

The battle wages on.

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