Ackman Attacks Herbalife Again With Laundry List of Doubt
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Bill Ackman continued his assault on Herbalife Ltd. after the company reported second-quarter results, questioning everything from its accounting of Venezuelan exchange rates to rising expenses.
Just after U.S. markets opened today, the founder of New York hedge fund Pershing Square Capital Management LP issued a press release filled with arcane questions for the nutrition-supplement company. Sample: Why does Herbalife “have such meaningfully negative operating leverage in second quarter 2013 and in its projections for 2013 full-year operating income?”