Bill Ackman, head of hedge fund Pershing Square Capital Management, told CNBC that he will present evidence of his firm's investigation into Herbalife (HLF) that will "expose incredible fraud" at 10 A.M. tomorrow EST. It will be interesting to see what he says, as the financial's of Herbalife, if they are not fraudulent, are really quite impressive as my company's multiple free cash flow research shows in the table below:
For those interested here is some historical data on Herbalife:
Income Statement Data 2002-2013
In closing, here is the CNBC video where Bill Ackman tells us what he will discuss tomorrow:
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