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Dividends Show Herbalife Won't Bury Ackman
Friday, February 15, 2013 - 12:46pm | 1081Read More...In the Wall Street equivalent of wrestling's Royal Rumble, Pershing Square Capital founder Bill Ackman is taking on all comers with regards to a massive short position in nutritional supplement maker Herbalife (NYSE: HLF). It is not just Carl Icahn, who as most of the investing public by now...
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Herbalife Soars as Icahn Reveals Huge Stake
Thursday, February 14, 2013 - 9:12pm | 396Read More...Carl Icahn filed a quarterly 13-F after the closing bell on Thursday showing his firm's long equity positions. While his 13-F was largely unchanged versus last quarter, an SEC filing showed that the investor had accumulated a 12.98 percent stake in embattled multi-level marketer Herbalife (NYSE:...
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Bill Ackman's Pershing Square Releases 40 Pages of Questions Aimed at Herbalife
Thursday, February 7, 2013 - 3:02pm | 405Read More...As promised, Bill Ackman's Pershing Square released a 40 page document on Thursday laying out dozens of questions aimed at Herbalife's (NYSE: HLF) management. Readers can view the questions here. Some of the questions are particularly technical in nature and relate to old legal battles the...
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JC Penney Rallies Amid Bondholder Concerns
Tuesday, February 5, 2013 - 12:16pm | 235Read More...Shares of J.C. Penney (NYSE: JCP) rallied almost three percent early on Tuesday amid concerns that the company was in violation of a bondholder agreement. The law firm Brown Rudnick, representing half the holders of J.C. Penney's 7.4% bonds due 2037, alleges that the company violated part of its...
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Herbalife Shares Regain Losses After FTC Clarifies Legal Probe
Tuesday, February 5, 2013 - 11:38am | 220Read More...Shares of Herbalife (NYSE: HLF) staged a mid-session comeback Monday after the Federal Trade Commission (FTC) corrected a statement that erroneously suggested that Herbalife was the subject of a law-enforcement probe. Shares of Herbalife opened Monday's session down over 10 percent, trading...
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Kyle Bass on Herbalife: I Would Never Bet Against Dan Loeb
Friday, February 1, 2013 - 12:30pm | 159Read More...Hedge fund manager Kyle Bass, known for his bet against U.S. subprime and his prescient prediction on the European debt market, told CNBC's Gary Kaminsky on Friday that he would "never bet against Dan Loeb." Loeb, the fund manager of Third Point, has an 8.2 percent stake in multi-level marketing...
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Is the Yahoo! Turnaround On Track?
Wednesday, January 30, 2013 - 9:35am | 1549Read More...One of the more interesting investment stories in the Internet space is the turnaround taking place at Yahoo (NASDAQ: YHOO). The company, which has seen its revenues fall sharply in recent years, has become a target of activist investors amid its struggles. In 2008, Carl Icahn purchased a large...
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Carl Icahn on Bloomberg TV: I Don't Like or Respect Bill Ackman
Thursday, January 24, 2013 - 6:57pm | 478Read More...In a phone interview on Bloomberg TV's "Street Smart," Carl Icahn told Bloomberg TV anchor Trish Regan that he doesn't "like" or "respect" fellow fund manager Bill Ackman, criticizing the way Ackman publicized a $1 billion bet that shares of Herbalife Ltd. would decline. “You don't go out and get...
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Loeb's Third Point Earns Fast Profits in Herbalife
Tuesday, January 22, 2013 - 5:40pm | 614Read More...Dan Loeb's hedge fund Third Point LLC has already made some very fast paper profits on its stake in multi-level marketer Herbalife (NYSE: HLF). Loeb purchased his 8.2 percent stake in the embattled company at roughly $32 according to The New York Post. All told, the hedge fund purchased around 8....
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New York Post: Dan Loeb is Short Multi-Level Marketer Nu Skin
Tuesday, January 22, 2013 - 11:09am | 331Read More...According to The New York Post, Dan Loeb is short Nu Skin (NYSE: NUS). Shares of the multi-level marketer dropped nearly 2 percent early on Tuesday. This stands in sharp contrast to Loeb's ownership of Herbalife (NYSE: HLF) shares. Both stocks have traded largely in tandem over the last few months...
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Morgan Stanley Beats Estimates, Soars on Friday
Friday, January 18, 2013 - 1:07pm | 507Read More...Morgan Stanley (NYSE: MS) released its earnings Friday, topping fourth quarter expectations. Revenues for the quarter finished at just under $7 billion. This is on par with the average analyst's estimate of $7.02 billion, as noted by Yahoo Finance. The New York brokerage firm topped earnings...
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Herbalife Will Remain Volatile Ahead of Earnings
Wednesday, January 16, 2013 - 5:07pm | 564Read More...Herbalife (NYSE: HLF) has been one of the most volatile and heated stocks over the last year. In April of 2012, shares were trading above $70, having steadily rallied back from the March 2009 low near $6.50 per share. Then, hedge fund manager David Einhorn asked a few questions on Herbalife's...
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Benzinga Challenges Dan Loeb, Bill Ackman to Debate Herbalife
Wednesday, January 16, 2013 - 9:25am | 226Read More...Benzinga has challenged hedge fund magnates Dan Loeb and Bill Ackman to publicly debate the investment case for Herbalife (NYSE: HLF) on a webcast hosted by BenzingaPro. Bill Ackman came public with his short position on Herbalife in late December, causing shares of the multi-level marketer to...
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Carl Icahn May Have Entered the Bloody Hedge Fund Battle Over Herbalife
Thursday, January 10, 2013 - 3:52pm | 399Read More...The Herbalife (NYSE: HLF) battle is shaping up to be the bloodiest hedge fund battle ever, having pulled in Bill Ackman, Dan Loeb, and Bob Chapman. Today, The New York Post is reporting that legendary activist investor Carl Icahn has entered the fray by taking a long position in the stock. This...
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Herbalife isn't Dan Loeb's Only Stock; ETFs for Third Point
Thursday, January 10, 2013 - 2:40pm | 714Read More...Third Point Capital founder Dan Loeb has been getting plenty of press these days. After taking an 8.2 percent stake in controversial and embattled Herbalife (NYSE: HLF), three percent of Third Point's $10.1 billion in investor cash is now devoted to a long bet on a company that some investors think...















