Edward Posted December 31, 2012 Share Posted December 31, 2012 Don't forget that management also sold stock after they spent a couple hundred million buying back at an average price of $220. NFLX should really be a case study in how not manage capital. Exactly! Goes to show that it's not enough to know what to do, but execution and patience are key. Link to comment Share on other sites More sharing options...
augustabound Posted December 31, 2012 Share Posted December 31, 2012 http://blogs.wsj.com/marketbeat/2012/12/26/whitney-tilson-im-shorting-herbalife-too/ Whitney Tilson: I’m Shorting Herbalife, Too. lol. I think this comment about Tilson sums it up very nicely: "Enter Whitney Tilson, the self involved, self promotional and congratulatory talentless hack that follows every single major investor into their investments and then appears on television to make the idea sound like his own. Tilson’s awful track record, endless hours of conference hosting and blog writing versus actual research, and lack of creativity or original thought are actually great counter indicators that HLF may actually survive and prove Ackman wrong. At least Ackman does some work and comes up with an idea. Whitney is always the empty suit." That's a beautiful piece of writing there, hit the bulls eye dead centre. Isn't it about time for his monthly "valuation" on Berkshire? Link to comment Share on other sites More sharing options...
PlanMaestro Posted January 2, 2013 Share Posted January 2, 2013 Felix Salmon. Glad that vacation stopped any temptation to comment this. http://blogs.reuters.com/felix-salmon/2012/12/31/whats-ackmans-herbalife-game/ Link to comment Share on other sites More sharing options...
fareastwarriors Posted January 2, 2013 Share Posted January 2, 2013 Ackman, Herbalife and Celebrity Short-Sellers http://dealbook.nytimes.com/2013/01/01/ackman-herbalife-and-celebrity-short-sellers/ Link to comment Share on other sites More sharing options...
PlanMaestro Posted January 2, 2013 Share Posted January 2, 2013 Robert Chapman. http://thompsonburton.com/mlmattorney/2013/01/01/herbalife-why-i-made-it-a-35-position-after-the-bill-ackman-bear-raid/ Link to comment Share on other sites More sharing options...
Green King Posted January 2, 2013 Share Posted January 2, 2013 Robert Chapman. http://thompsonburton.com/mlmattorney/2013/01/01/herbalife-why-i-made-it-a-35-position-after-the-bill-ackman-bear-raid/ Why? Link to comment Share on other sites More sharing options...
fareastwarriors Posted January 3, 2013 Share Posted January 3, 2013 Robert Chapman. http://thompsonburton.com/mlmattorney/2013/01/01/herbalife-why-i-made-it-a-35-position-after-the-bill-ackman-bear-raid/ Activist Takes on Ackman Over Herbalife http://www.cnbc.com/id/100349790 Link to comment Share on other sites More sharing options...
PlanMaestro Posted January 3, 2013 Share Posted January 3, 2013 This is going to be something, glad I'm watching this "Battle of the Activist Investors" from the sidelines: * "the perpetually sanctimonious Bill Ackman" * "Sorkin does a masterful job of fighting the media urge to genuflect before Ackman’s drawn down zipper. otherwise known as “The Whitney Tilson”." * "Ackman is quite good at what he does for a living, but his hubris makes him vulnerable to spectacular failure." * "He has a high financial IQ, but it may be the delusional and narcissistically tacked-on 15 surplus IQ points that has been, and may again be, his undoing." * "Think of him as the Reggie Jackson (I’m dating myself here) of Wall Street – he swings for the fences, but can tear a lot of shoulder ligaments when he whiffs." * "my hypothesis is Ackman, with overall 2012 performance impaired by JCP’s descent into the teens, came to conclude he needed a big winner before year-end 2012." * "if timing is everything, Ackman is every woman (in tribute to Whitney Houston)" Activist Takes on Ackman Over Herbalife http://www.cnbc.com/id/100349790 Link to comment Share on other sites More sharing options...
fareastwarriors Posted January 4, 2013 Share Posted January 4, 2013 http://www.cnbc.com/id/100354539 Ackman: ‘Haven’t Covered a Share’ of Herbalife ... In a phone conversation Thursday night, the vacationing Ackman told me, "We stand by everything we have said. We haven't covered a share. And we look forward to the company's rebuttal." ... Link to comment Share on other sites More sharing options...
Parsad Posted January 4, 2013 Share Posted January 4, 2013 http://www.cnbc.com/id/100354539 Ackman: ‘Haven’t Covered a Share’ of Herbalife ... In a phone conversation Thursday night, the vacationing Ackman told me, "We stand by everything we have said. We haven't covered a share. And we look forward to the company's rebuttal." ... Turds Hempton and Greenberg were both on together as well talking about Herbalife today. Cheers! Link to comment Share on other sites More sharing options...
siddharth18 Posted January 4, 2013 Share Posted January 4, 2013 http://www.cnbc.com/id/100354539 Ackman: ‘Haven’t Covered a Share’ of Herbalife ... In a phone conversation Thursday night, the vacationing Ackman told me, "We stand by everything we have said. We haven't covered a share. And we look forward to the company's rebuttal." ... So we know that -Ackman has yet to cover his 20 million short yet -No word about any investigations from any regulatory entities in USA or outside that Ackman is counting on (more like holding his breath on) -NEW investors like Chapman jumped in and bought all the stock all the way from 26 to 37 -Company still has $1 billion in firepower (authorized but not-yet-executed buyback) -Company still has the defense presentation lined up on 7th Jan -Company has hired top tier consulting and law firms - Moelis & Company as well as Boies, Shiller & Flexner From a technical standpoint, I actually wouldn't be surprised if company jumped above its fair value in the short term, regardless of its business model's legality; especially due to the the perceived exoneration due to the lack of FTC investigation and a successful refute to Ackman's claims by the company. Link to comment Share on other sites More sharing options...
fareastwarriors Posted January 4, 2013 Share Posted January 4, 2013 http://www.cnbc.com/id/100354539 Ackman: ‘Haven’t Covered a Share’ of Herbalife ... In a phone conversation Thursday night, the vacationing Ackman told me, "We stand by everything we have said. We haven't covered a share. And we look forward to the company's rebuttal." ... Turds Hempton and Greenberg were both on together as well talking about Herbalife today. Cheers! here is the video ;D http://video.cnbc.com/gallery/?play=1&video=3000139284 Link to comment Share on other sites More sharing options...
Green King Posted January 5, 2013 Share Posted January 5, 2013 who are these people context please. Link to comment Share on other sites More sharing options...
compoundinglife Posted January 5, 2013 Share Posted January 5, 2013 who are these people context please. Greenberg is a CNBC reports came from print and web media, http://www.cnbc.com/id/16223136/Herb_Greenberg_Profile_Biography_About__CNBC . Hempton manages Bronte Capital and posted on his blog and now on CNBC that he is long: http://brontecapital.blogspot.com/ Although I don't think he has mentioned how big a position this is for him. Link to comment Share on other sites More sharing options...
Green King Posted January 5, 2013 Share Posted January 5, 2013 who are these people context please. Greenberg is a CNBC reports came from print and web media, http://www.cnbc.com/id/16223136/Herb_Greenberg_Profile_Biography_About__CNBC . Hempton manages Bronte Capital and posted on his blog and now on CNBC that he is long: http://brontecapital.blogspot.com/ Although I don't think he has mentioned how big a position this is for him. Thanks. What is their reputation ? They just sound like noise. Link to comment Share on other sites More sharing options...
Parsad Posted January 5, 2013 Share Posted January 5, 2013 who are these people context please. Greenberg is a CNBC reports came from print and web media, http://www.cnbc.com/id/16223136/Herb_Greenberg_Profile_Biography_About__CNBC . Hempton manages Bronte Capital and posted on his blog and now on CNBC that he is long: http://brontecapital.blogspot.com/ Although I don't think he has mentioned how big a position this is for him. Thanks. What is their reputation ? They just sound like noise. Yes, they are both very noisy! ;D Greenberg is a business journalist slash hack, while Hempton is an unscrupulous analyst, turned blogger, turned hedge fund manager. Hempton was instrumental in the short attack against Fairfax by spreading his views to many other journalists and hedge fund managers. Two turds pretending to be raisins on CNBC! Cheers! Link to comment Share on other sites More sharing options...
compoundinglife Posted January 5, 2013 Share Posted January 5, 2013 who are these people context please. Greenberg is a CNBC reports came from print and web media, http://www.cnbc.com/id/16223136/Herb_Greenberg_Profile_Biography_About__CNBC . Hempton manages Bronte Capital and posted on his blog and now on CNBC that he is long: http://brontecapital.blogspot.com/ Although I don't think he has mentioned how big a position this is for him. Thanks. What is their reputation ? They just sound like noise. Yes, they are both very noisy! ;D Greenberg is a business journalist slash hack, while Hempton is an unscrupulous analyst, turned blogger, turned hedge fund manager. Hempton was instrumental in the short attack against Fairfax. Two turds pretending to be raisins on CNBC! Cheers! Admitting that you believe management is not to be trusted (I think he used the term scumbags) and then going long with your clients money is ridiculous IMO. I think he just wanted get his share of media attention. Looking forward to see goat rodeo that ensues after HLFs rebuttal. Link to comment Share on other sites More sharing options...
giofranchi Posted January 8, 2013 Share Posted January 8, 2013 Herbalife: Quote of the Day http://www.viewfromtheblueridge.com/2013/01/07/herbalife-quote-of-the-day-2/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+viewfromtheblueridge%2FJkgK+%28The+View+from+the+Blue+Ridge%29 giofranchi Link to comment Share on other sites More sharing options...
fareastwarriors Posted January 9, 2013 Share Posted January 9, 2013 Hedge Fund Manager Dan Loeb Has Taken a 5 Percent Stake in Herbalife things are getting really interesting now Link to comment Share on other sites More sharing options...
fareastwarriors Posted January 9, 2013 Share Posted January 9, 2013 Hedge Fund Manager Dan Loeb Has Taken a 8 Percent Stake in Herbalife things are getting really interesting now Link to comment Share on other sites More sharing options...
Phaceliacapital Posted January 10, 2013 Share Posted January 10, 2013 Cross posted from General Discussion: http://www.nypost.com/p/news/business/loeb_mackdown_ytWzxGO80hoVPTJTXJX5UN?source=email_rt_mc_body Icahn is also believed to have taken a long position in Herbalife, sources said. Link to comment Share on other sites More sharing options...
dcollon Posted January 12, 2013 Share Posted January 12, 2013 The Fabulous Life of Bill Ackman (HLF mentioned) http://www.businessinsider.com/the-fabulous-life-of-bill-ackman-2012-12?op=1 Link to comment Share on other sites More sharing options...
Parsad Posted January 14, 2013 Share Posted January 14, 2013 Ackman's short is not looking good about now! Back to pre-Ackman levels. Cheers! Link to comment Share on other sites More sharing options...
LC Posted January 16, 2013 Share Posted January 16, 2013 Bronte's take: http://brontecapital.blogspot.ca/2013/01/notes-on-visiting-herbalife-nutrition.html Bill Ackman a Harvard educated (magna cum laude) billionaire New York hedge fund manager bet over a billion dollars on a short position (imperilling his fund and his reputation) without checking the facts. And he did not check the facts because he was so rigid with a misplaced silver spoon that he could not stoop to sit on a subway for thirty minutes and talk with poor people for ninety minutes. I don't have a horse in this race, but Einhorn's book was a lesson on how perilous short-selling can be. The truth may take years to come to light (if it ever does) and you will be creating a public and polarizing situation which can become more about the personalities involved than the facts of the situation. And the more public the position becomes, the greater the lengths the target company will go to in order to survive. Link to comment Share on other sites More sharing options...
fareastwarriors Posted January 17, 2013 Share Posted January 17, 2013 looks like Ichan is joining in on the action on the long side http://professional.wsj.com/article/SB10001424127887323468604578245982881453300.html?mod=WSJ_hp_LEFTWhatsNewsCollection or google "Icahn Takes Herbalife Stake" Activist money manager Carl Icahn and his deputies have told other investors that he has taken a stake in Herbalife Ltd., HLF -2.45% joining a heavyweight battle that has already drawn prominent hedge-fund managers William Ackman and Daniel Loeb. .... Link to comment Share on other sites More sharing options...
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