Herbalife Bulls Take On Short Ackman After Pyramid Claim: Retail
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Were this a movie script, the working title could be “The Short Versus the Herbalife Bulls.”
Yesterday, in a blistering 210-minute presentation in New York, activist investor Bill Ackman called the maker of nutritional and weight-loss supplements a pyramid scheme and said he had shorted the stock. Ackman’s comments riled the company’s chief executive officer and ran into a wall of opposition from the nine Wall Street analysts who cover the company. All but one today still listed the shares as the equivalent of a buy, according to data compiled by Bloomberg.