New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
January 10, 2013
13:35 EDTHLFAckman's Pershing Square responds to Herbalife investor meeting
William Ackman, CEO of Pershing Square Capital Management said, "In advance of today's analyst day, Herbalife (HLF) promised to provide a detailed refutation of each of the facts that we enumerated in our December 20th presentation. Instead, the company distorted, mischaracterized, and outright ignored large portions of our presentation. For example, Herbalife did not respond to our identification of overstatements and inaccuracies in the company's earnings statement for distributors, which among other deceptions, excludes the 93% of distributors that have zero gross earnings. In today's presentation, Herbalife offered the opportunity for 'anyone' to ask questions of Herbalife so its business can be better understood. Pershing Square will be publicly releasing a detailed series of questions that will assist investors, regulators, distributors, and other interested parties in understanding the truth about Herbalife. Thereafter, we will respond with particularity to every issue raised today by Herbalife. Over the last three weeks, we have been contacted by numerous interested parties who have provided additional insight into Herbalife's business practices. We will be addressing these new issues in our updated presentation. Please go to www.factsaboutherbalife.com to view our presentation and learn more about the company."
News For HLF From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
August 27, 2015
12:58 EDTHLFHerbalife price target raised to $100 from $90 at Pivotal Research
Subscribe for More Information
August 25, 2015
08:00 EDTHLFTwitter wants to move Herbalife suit to California, NY Post reports
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the theflyonthewall.com disclaimer & terms of use