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Carl Icahn Lambasts Ackman's "Rantings Of A Sore Loser"

Tyler Durden's picture





 

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 earth." However, it seems his comments that "Herbalife longs are all 80-year-old billionaires" pissed off Carl Icahn enough to warrant his wrath. Icahn called in to Trish Regan and exclaimed, "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. I continue to believe Herbalife has a great future, and in my opinion many of the things Ackman says about it are simply the rantings of a sore loser." The stock remains +5% and back near recent record highs.

 

The original Ackman interview "will take Herbalife short to the ends of the earth...":


ACKMAN HIGHLIGHTS:

-Lost $400-500 million on Herbalife
-Losses are mark-to-market
-'Lots of ways we can be successful' on HLF
-Pershing has met with foreign regulators on HLF
-Herbalife re-audit should have been completed by now
-He doesn't know what FTC is doing on Herbalife
-Re-audit is a short-term catalyst if not done by December
-An Herbalife LBO is more opportunity to go short
-He'll take Herbalife bet 'to the end of the earth'
-Herbalife short 'not a trade for me'
-Skeptical of Icahn's belief in Herbalife long-term
-Puzzled by Bill Stiritz's Herbalife motivations
-Herbalife fits FTC OCT pyramid warning
-He has data on Herbalife distributor earnings
-Seeks third party auditor on Herbalife retail sales
-Herbalife longs are all 80-year old billionaires.
-He is not short JCPenney
-Hopes JCP becomes a very successful company
-He deserves his share of responsibility for JCP

And Trish Regan and Stephanie Ruhle discuss Icahn's tempestuous response:

"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. I continue to believe Herbalife has a great future, and in my opinion many of the things Ackman says about it are simply the rantings of a sore loser...

 

Interestingly there is something that Ackman and I have in common. Ackman complained at an Oxford conference that every time I went on TV and mentioned Herbalife, the stock went up a few points. Well, that's also true of him."

 


We leave it to the chart as the ultimate arbiter of who is winning (so far)...

 


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Fri, 11/22/2013 - 14:24 | Link to Comment LetThemEatRand
LetThemEatRand's picture

Bitch fight!

Fri, 11/22/2013 - 14:33 | Link to Comment slaughterer
slaughterer's picture

Ackman is entirely correct on HLF fundamentals: HLF is a pyramid scheme with corrupt accounting.    Every ZH commenter can agree on this.

But Icahn follows the spirit of the market: mindless momo trend trading on trash stocks.  

Fri, 11/22/2013 - 14:43 | Link to Comment slotmouth
slotmouth's picture

I disagree.  Herbalife was not a momo, it was deep value.  It generates tons of cash.  It is probably fairly valued here.  The government is the obvious risk factor for this one.  Ackman may be vindicated in the long run, but he can only win if the government shuts it down.

Fri, 11/22/2013 - 15:13 | Link to Comment Ruffcut
Ruffcut's picture

I thnk butthole ackman needed to get ron johnson(jcp) a new job at herbalife first, before he shorted it.

ackman does have the turd touch going for him, though.

Fri, 11/22/2013 - 15:19 | Link to Comment Say What Again
Say What Again's picture

I wonder if iCon ever takes a walk in NY without his body guards.

It would be fun to see him walk through the streets of Chicago, Detroit, Oakland, etc.

Fri, 11/22/2013 - 19:23 | Link to Comment TeMpTeK
TeMpTeK's picture

Herbalife sales reps are the only people who cant live without HLF products......Ackman forgets there's an HLF sucker salesman born every minute.

Fri, 11/22/2013 - 14:29 | Link to Comment orangegeek
orangegeek's picture

fuck off and DIE Icahn

Fri, 11/22/2013 - 14:33 | Link to Comment Derf Scratch
Derf Scratch's picture

Two detestable j's... I'd rather watch Seinfeld re-runs

Fri, 11/22/2013 - 14:35 | Link to Comment Colonel Klink
Colonel Klink's picture

What an iCUNT!

Fri, 11/22/2013 - 14:39 | Link to Comment NOTaREALmerican
NOTaREALmerican's picture

Well,   it should double in the next 2 years (the expected end of the bubble that doens't exist if you think about it).

Fri, 11/22/2013 - 14:44 | Link to Comment Mercury
Mercury's picture

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 earth."

 

Or to the end of his AUM, whichever comes first.

Fri, 11/22/2013 - 14:48 | Link to Comment oddjob
oddjob's picture

Ackman is up about 1.3 billion on Canadian Pacific, not to shabby, then there's Icahn, a 2X loser on Talisman coming back for thirds.

Fri, 11/22/2013 - 14:43 | Link to Comment 0b1knob
0b1knob's picture

Ackman vs Icahn.  Its like Nazi Germany vs the Soviet Union.  If only both could lose....

Fri, 11/22/2013 - 14:56 | Link to Comment timbo_em
timbo_em's picture

You mean like Obama vs Maduro?

Fri, 11/22/2013 - 15:06 | Link to Comment medium giraffe
medium giraffe's picture

It's unsurprising that egotistical materialists should display such immaturity.  I pity them.

Fri, 11/22/2013 - 15:13 | Link to Comment Seize Mars
Seize Mars's picture

Two men who have never worked a day in their lives, arguing over the money in my pocket. I am supposed to care...why?

Fri, 11/22/2013 - 16:49 | Link to Comment Larry Dallas
Larry Dallas's picture

Seize Mars:

Explain "two men who have never worked a day in their lives".

One doesn't get to be a celebrated money manager without laying in a pool of their own sweat at least a couple of times. Perhaps they're not shoveling snow or cleaning bedpans, but the intellectual brain damage they have done has gotten them somewhere, and I would bet much further than most of the posters on this string.

 

Fri, 11/22/2013 - 18:19 | Link to Comment Seize Mars
Seize Mars's picture

Larry Dallas

Oh, yes, the two gentlemen in question gained their position and money through hard work and risk taking.

Um yes, that's it.

Fri, 11/22/2013 - 15:56 | Link to Comment EARLPEARL
EARLPEARL's picture

ok folks it is like this...ackman is tarzan.....4 tribes are coming after him..each tribe has about 1000 members with spears and knives..the leaders of the 4 tribes are soros...icahn..drunken... striritz...tarzan is all alone in the jungle and the 4 tribes are closing in...PROBLEM IS THIS AIN'T NO MOVIE....the tribes kill tarzan easily

Fri, 11/22/2013 - 17:59 | Link to Comment solgundy
solgundy's picture

one of these two, or both are/is an A-Hole(s)....they can't go away fast enuf

 

 

nuf sed

Fri, 11/22/2013 - 21:37 | Link to Comment Whatta
Whatta's picture

i luv watching billionaires piss on each others legs.

well, not really, but it's fun watching one lose his ass anyway.

Fri, 11/22/2013 - 21:46 | Link to Comment toys for tits
toys for tits's picture

Ackman promoted the MLM Prepaid Legal Services.  

 

He has no conviction but will take whatever side he can make money on.

Do NOT follow this link or you will be banned from the site!