Herbalife (HLF) Launches Fourth Video Against Pershing Square's Ackman
- Stocks dip as earnings pour in, consumer discretionary lags
- UPDATE: Alphabet (GOOG) Tops Q3 EPS Views; Revs Strong
- Baker Hughes (BHI), General Electric (GE) in Partnership Talks, Not Merger Talks
- Cirrus Logic, Inc. (CRUS) Q2 Results and Guidance Beat Estimates
- Amazon.com (AMZN) Misses Q3 EPS by 26c, Offers Q4 Guidance
Get access to the best calls on Wall Street with StreetInsider.com's Ratings Insider Elite. Get your Free Trial here.
Global nutrition company Herbalife (NYSE: HLF) announced the fourth in its latest series of videos that showcase observations by the media and other thought leaders about the motives, failed investment strategies and questionable tactics of Bill Ackman. Observers have questioned his scruples and ethics, arguing that he has put his personal agenda ahead of the interests of his investors.
The fourth video in the series, “Ackman’s Tactics Called Into Question” posted today on TheRealBillAckman.com, underscores Ackman’s “highly questionable” tactics and suggests they “might cross ethical and possibly legal lines,” and clearly do not meet the established norms of Wall Street and standards of activist investors.
“Activist investors can, and often do, increase shareholder value by improving corporations in many ways. Yet, in the wrong hands, activist investing can do untold damage to employees, companies and our country’s economy and if left unchecked and without accountability, they portend a troubling future for our financial markets,” said Alan Hoffman, executive vice president, global corporate affairs, Herbalife.
For close to four years, Bill Ackman has launched a well-funded, aggressive market manipulation campaign, filled with false statements, to support his reckless $1 billion bet against Herbalife. In addition to the investment loss for his investors, Bill Ackman said his carrying costs were approximately $100 million annually, which when combined with the more than $75 million he has spent on lobbying and public relations, adds up to real money.
Visit http://www.therealbillackman.com/ to watch the video and learn more about Bill Ackman’s utterly unimpressive record and questionable tactics.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- UPDATE: Herbalife (HLF) Mentioned Cautiously by 10/10 Research
- Stocks with Implied Volatility Movement
- Mattersight (MATR) Announces Strong YTD 2016 Patent Activity
Create E-mail Alert Related CategoriesCorporate News, Short Sales
Related EntitiesWilliam Ackman, Pershing Square Capital
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!