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Bill Ackman's "Most Important Death-Blow-For-Herbalife Presentation Ever" - Live Feed
The question on everyone's lips... how many slides? And where's Carl Icahn?
The stock has modestly stabilized today after yesterday's tumble...
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Yesterday CNBC gave him a free 30 minute infomercial.....today they had herbalife on to prebut.....wow this is exciting...
Short squeeze in 5, 4, 3, 2, ......
this presentation is interesting, but everyone knows its a pyramid scheme and they dont care...for decades.
this is the same as every religion preying on the ignorant masses, what are you going to do outlaw the ignorant masses?
I like the part where they pass the consumers around from club to club to be fucked like cheap whores!
Quite fitting for South America.
hlf up 7.50 on this presentation, this is so todays market. keep on pumping fed.
If CYNK can get to $5 Billion on nothing, just imagine what HLF can do.
a trillion worthless fed bucks?
This was a huge amount of investigative effort and may well put HLF out of business.
The currency (and money laundering?) angle is interesting - in particular given the cash-based business model and focus on latin america - talk about breaking bad....half expected to see a Los Pollos Hermanos sign.
Valeant Pharmaceuticals is just another iteration of Herbalife. Ackman's Valeant is a black hole that needs to suck in more companies to keep its stock price going up. Valeant follows the methods Al Dunlop used when he was CEO at Scott Paper and Sunbeam. Whether or not there is accounting fraud at Valeant is up to the SEC to investigate. Oh, I forgot, the SEC goes after outsiders like Martha Stewart, not insiders like Jon Corzine and his ilk.
From wikipedia: In 2001, the Securities and Exchange Commission sued Dunlap, alleging that he had engineered a massive accounting fraud. Also named in the suit were four other former Sunbeam executives and the lead partner for Sunbeam's account with Arthur Andersen LLP. An SEC investigation revealed that Dunlap and others had created the impression of a greater loss in 1996 in order to make it look like the company had experienced a dramatic turnaround in 1997. By the SEC's estimate, at least $60 million of Sunbeam's 1997 earnings were fraudulent. He also offered incentives for retailers to sell products that would have otherwise been sold later in the year, a practice known as "channel stuffing". The SEC also argued that the purchases of Coleman, Signature and First Alert were made to conceal Sunbeam's growing problems. Sunbeam never recovered from the scandal, and was forced into bankruptcy in 2002
I thought he sold all his shares and licked his wounds ?
To close his short position he would have to buy shares, not sell, which would addd to his position.
Fuck, you can't just move markets with your WORDS Bill, you're not a fucking Central Banker.
Ackman must be short.
Nothing like free air time to promote your position.
CNBC is such a fkg joke.
He pretends to be the "good guy" and explain some fraud to us, but in reality all he did was go short yesterday AM and then long yesterday late in the afternoon. Probably gave a nice cut "for the air time" to CNBC. How convenient for both parties.
Similar to Murdoch announcing his "take-over bid" for Time Warner. SSDD.
What? Who downvoted me here? 25% up in one day!! Come on, don't tell me he didn't know his "case" was not strong enough?!?
AAAAARRRGGGGHHHHH!!!!
"Yes, thank you for the presentation and for taking my question. I'm less interested in your case against Herbalife, and more interested in learning how to legally engage in insider trading by front-running corporate M&A deals. Could you please expand upon that topic? I'll hang up and listen to your response. Thank you."
Bloomberg TV has actually deteriorated faster than herbalife or CNBC. Most of this is due to the Carnival Barking nose-job hack, Stephanie Ruhle. She is absolutely horrifying.
Einhorn's Athena Health short is beautiful to watch.
Wait is he the head of the FTC?... or just a greedy little j who could care less about Herbalife "victims"
Same as the Amway, ACN & countless other MLM victims.
You have to be brainwashed OR a 'wolf' to stay invested in any MLM, especially once you start losing all your friends and family because they won't buy your shitty marked up products OR work under you.
I had a college friend in the late 90s that got sucked into ACN and lost pretty much all our mutual friends because he had to recruit them to buy overpriced phone service AND try to get them to then sell to their friends/family. Last I heard, he had to file BK and let the big house and big SUV go back to the bank. In fact, part of what MLM instills in you is to "live large" and "show off" so that your marks, er customers will be impressed and want to get in themselves. Big money for those on top though!
its sad to see people you know get taken by these scam artists. especially when they try to scam you.
my buddy was trying to sell that shitty berry drink mona vie, and he was an obsessed moron.
Mona Vie, the $3 drink in a $35 bottle.
what a maroon
I had a friend who lost most of his other friends because he turned every social gathering into an Herbalife meeting to recruit new sales people for that overpriced crap. It's a pyramid scheme.
Probably goes like this:
"Hey, have you heard about Herbalife?"
"Dude, shut the fuck up already..."
"I lost weight!"
"You took a shit"
"Have you tried Herbalife"
"OMG, I'm out"
I assume most people reading this haven't actually watched the presentation, but I've been watching for about an hour now.
Everything about this company needs to die. Frankly, it's shocking how horrible everything about it is.
I am in the food/nutrition industry. Last year I received a job opportunity from HLF. The job description had nothing to do with product development or R&D, it was a bunch of bullet points about selling and MLM.
Ackman is correct about HLF. It's a pyramid scheme.
HLF will be a pinkie soon and Ackman will make billions.
Well, considering he's already lost billions in HLF, he might just get back to even with his dog & pony show...
just tuned in- who is the lizard faced chick who looks she hasn't slept in a week...
Sounds like an "Audit" for Scientology course. Spend money, bring in more recruits and get them to spend money.
This isn't a short thesis, it's an advert on how to start your own pyramid scheme!
Everybody needs to stop everything else that they may be doing, and watch Ackman's pitiful dog and pony show because this is the really important news.
cnbc criminal co-conspiritors in a stock manipulation.
who at cnbs is ackmans boyfriend?
carl q?
sold some $50 Puts for an easy double!! Thanks Bill!!
When does the slide show for the PONZI knows as AMERICA begin? That's the one I want to watch...
Hahaha, they just explained how Herbalife is now being used in Venezuela as a way to avoid currency controls. This "company" is epic.
no question ackman and icahn have the gaem set. the stock is down in one week 10 bucks and straight up again. the dumpo and pump.
these guys sell volatility and the shorts and longs all get hosed. fucking sweet. it happens like clock work.
now go get your fucking shine box you clowns.
I am suffering through some company staying at our home. My nephew and hs family. They just got back from an HL conference in Chicago. They brought an entire suitcase full of products that they take religiously like crack heads. Shake mizes, teas, bars, lotions, pills, etc. etc. etc. His wife is constantly on the phone talking up the prodcuts to anyone that will answer. I think they are fooled into thinking that activity = productivity.
I asked my nephew, who has a pretty good job, if he ever wanted to maybe open his own business, a version of his real job, he said immediately "NO, I am going to focus on Herbal Life". I asked him how much money they were making each month, the answer: "It is kind of a give and take thing right now. We buy more than we sell but we are rolling more into the business and we are sure it will take off soon."
I am going to do my level best to straighten him out while he is here. He is a good kid, but dumb as a sack full of doorknobs. I think it is futile, but I have to try...