Ackman Was Right
Image Source: Pixabay
Remember Herbalife (HLF)? That was the firm engaged in some very, very sketchy sales practices (basically a giant pyramid scheme) that Bill Ackman had shorted. His archenemy, Carl Icahn, went into a very public war with Ackman, since Icahn was very long HLF. Eventually, Ackman couldn’t take it anymore, and he gave up the fight right near the peak.
You don’t need to be told what happened next. Ackman’s condemnation of the company was right all along.
More By This Author:
Triple-Leveraged Victory Lap
My Bearish Positions
Multi-Year Channel Failure
I tilt to the bearish side. Slope of Hope is not, and has never been, a provider of investment advice. So I take absolutely no responsibility for the losses – – or any credit ...
more
How did you like this article? Let us know so we can better customize your reading experience.
He was wrong and that’s why he lost so much, this stock is heavily manipulated, his comments and innuendos made the company stronger. This will go back to $50 in due time. Bullish
Or maybe Ackman bad mouthing and shorting the stock is what caused it to drop.