Unfortunately for Bill Ackman, another leg of the "short Herbalife to the grave" thesis just broke when a Belgian Appeal Court hearing overturned its previous findings: HERBALIFE 'WELCOMES' JUDGEMENT BY BELGIAN APPEAL COURT HLF CITES...Show More Summary
I was on CNBC earlier this week (see video) to discuss battered retailer JC Penney, commenting that the company “is on an express train to oblivion.” Activist investor Bill Ackman is widely blamed for running the company into the ground, and the criticism is justified. Ackman installed former Apple retail guru Ron Johnson as CEO, and [...]
Bill Ackman's hedge fund, Pershing Square Capital Management, sold big stakes in J.C. Penney, General Growth Properties, and Procter & Gamble in the third quarter of this year.
Contrary to the what certain people have implied (well, actually, said outright), one not-quite-octogenarian does keep his word. At least, he kept this one, and earned a handsome little return doing so. Take-Two Interactive SoftwareShow More Summary
We are used to hedge fund managers blindly making up "facts" to hide the reality that nothing else matters (most definitely not fundamentals) except the Fed's balance sheet (in order to defend his 2-and-20 sapping performance). So it...Show More Summary
Hedge fund manager Bill Ackman, who runs Pershing Square, gave another massive slide-presentation attacking Herbalife. Late last year, Ackman gave a 342-slide presentation on why he thinks nutritional supplement seller will go to $0....Show More Summary
By Cowboy Investing: We have been following J.C. Penney Company Inc. (JCP) off and on since 2011 because Bill Ackman previously invested in JCP and because Ackman was influential in recruiting Ron Johnson away from Apple Retail (AAPL) in order to become JCP's new CEO to succeed Myron Ullman, who was JCP's CEO from 2004-2011. Show More Summary
, the billionaire hedge fund manager who has said he will go “to the end of the Earth” to destroy Herbalife, brought four women who he claimed were victims of the nutritional supplements seller to the New York investment conference where he conducted his latest presentation against the company on Friday. He asked the women [...]
(Reuters) - Herbalife Ltd shares rallied as much as 7 percent on Friday as investors rejected the latest salvo from hedge fund manager Bill Ackman, who insisted the company is nothing but a pyramid scheme, even though his short position based on that v...
Pershing Square’s Bill Ackman appeared on Bloomberg Television for an hour today from the Robin Hood Investors Conference in New York, telling Bloomberg TV’s Stephanie Ruhle that he’ll take his Herbalife bet “to the end of the earth” even as he has lost $400-$500 million on the investment. Show More Summary
We earlier discussed Bill Ackman's lengthy interview on Bloomberg TV during which he faced up to the $500 million losses (more now) from his Herbalife position, and that it is "not a trade" for him but "will take it to the ends of the...Show More Summary
Billionaire investor Carl Icahn has fired more shots at his long-time rival Bill Ackman. Here's what Uncle Carl told Bloomberg TV's Trish Regan earlier today: "I fail to understand how Bill Ackman, whom I haven’t spoken to for years, nor do I intend to speak to, would know what I am or am not committed to. Show More Summary
By Peter Mycroft Psaras: The debate over the past few years about Herbalife (HLF) has been fascinating to watch but the most interesting part is how activist investor Bill Ackman continues to pound the table on it, though he has lost a considerable amount of money shorting it. Show More Summary
Herbalife shares are soaring this morning. The reason, it seems, is unclear; but Bill Ackman's appearance on Bloomberg TV to press his shorts a little more may just have emboldened those looking to squeeze the asset manager: ACKMAN:Show More Summary
Hedge fund manager Bill Ackman, the founder of Pershing Square, just gave another take down of Herbalife at the Robin Hood Investors Conference. It's closed to the media. He's speaking with Bloomberg TV's Stephanie Ruhle right now. Shares of Herbalife are moving higher today. Show More Summary
Nearly a year ago, the activist investor Bill Ackman made a huge bet: that the stock market, if informed that a $7 billion global company with a 30-year track record was a fraud, would run for the exits. The wager … Continue reading...
ByQuoth the Raven: Make no mistake about it, I'm both a fan of Bill Ackman and a bear when it comes to Herbalife (HLF). And, I'll admit it, like Ackman, I was smoked out of two short positions on Herbalife already. But, also like Ackman, I can be a man of serious resolve when I've done my research and am confident enough to back it. Show More Summary
By Jason Bond: Bill Ackman abandoning his 18 percent stake in J.C. Penney (NYSE: JCP), Perry Corporation dumping more than half its stake, management shakeups, a failed merchandising strategy which left the retailer comping poorly against...Show More Summary
The CEO of Post Holdings want to discuss with Herbalife’s management “potential strategies for confronting the speculative short position that currently exists in the company’s stock and its attendant negative publicity campaign.”
Bill Ackman’s Quiet Activist Campaign Over Fannie Mae And Freddie Mac (Forbes) It has been about 100 hours since William Ackman revealed his Pershing Square hedge fund’s nearly 10% stake in both Fannie Mae and Freddie Mac. But Ackman has not released any slide presentations telling America how the nation’s mortgage market should be run. […]