Herbalife news opens up all kinds of new biz opportunity
Steve’s breakdown: Word on Wall Street is Herbalife is a pyramid scheme. Whether you believe it or not, this news will affect more than Heralife. It will also affect all multi-level marketing companies.
Our suggestion is to check in with a few others regarding PR. Here a list of them:
LOS ANGELES, CA: CNBC’s Kate Kelly reports that hedge fund titan Bill Ackman, the founder of Pershing Square Capital Management, is short Herbalife.
Shares of Herbalife were last trading down around 14%.
Ackman is expected to give his short thesis at the Ira Sohn Investment Conference in the spring.
Back in June, Ackman told investors in Pershing’s Q1 letter that he had new short position.
Ackman is known for being a long-only investor.