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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
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November 26, 2014
08:20 EDTHLFAckman says Herbalife short thesis reinforced by recent developments
"Recent developments at Herbalife reinforce our short thesis that HLF is an illegal pyramid that will collapse or otherwise be shut down by regulators," Bill Ackman stated in Pershing Square Holdings' quarterly letter to shareholders, which was released last night. "We continue to believe that the expiration of HLF’s $1.15B credit facility in 2016 is a potential catalyst for further stock price declines, as we are skeptical that the company will be able to access the credit markets in order to refinance or replace this facility," Ackman added. In the letter, Ackman also confirmed that the fund is currently doing due diligence on Actavis (ACT) to determine whether it should remain a long-term holder following the company's deal to acquire Allergan (AGN), noting that Pershing had recently met with the CEO of Actavis and were "impressed with him and his business plan for the combined company." Remarking on some of his other notable holdings, Ackman stated that Canadian Pacific’s (CP) transformation has been "nothing short of remarkable," that he believes the acquisition of Tim Hortons (THI) will create significant long-term value for Burger King (BKW) shareholders, and that early returns from Air Products' (APD) transformation are "promising."
November 25, 2014
18:18 EDTHLFOn The Fly: After Hours Movers
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17:05 EDTHLFHerbalife CEO Michael Johnson raises personal share holding in company
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17:02 EDTHLFHerbalife up 1.5% to $42.50 after report CEO exercises options
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16:59 EDTHLFHerbalife CEO exercises 750K stock options, CNBC's Scott Wapner says
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November 19, 2014
10:00 EDTHLFOn The Fly: Analyst Initiation Summary
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06:14 EDTHLFHerbalife initiated with a Buy at BTIG
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November 14, 2014
17:07 EDTHLFSoros Fund Management gives quarterly update on stakes
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08:07 EDTHLFHerbalife director linked to Brazilian fraud case, Reuters reports
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