Former Herbalife (HLF) Bear Points Out Where Ackman Went Wrong

January 3, 2013 12:45 PM EST
Herbalife (NYSE: HLF) shares are on the move higher as an article by one former Herbalife bear is making the rounds.

The article, written by Robert Chapman, founder of Chapman Capital, refers to the recent accusations by Pershing Square's Bill Ackman. Chapman said he was bearish on Herbalife in 2000 following the passing of founder Mark Hughes.

For the full print, click here.

Though the article is from January 1st, it makes some compelling points against Ackman. Herbalife is over 9 percent better on the session.

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