Dan Loeb is Taunting Bill Ackman... Again
Tweet
Share
E-mail
Get Alerts JCP Hot Sheet
Join SI Premium – FREE
Dan Loeb is out ruffling Bill Ackman's feathers again Monday.
Today, Dan Loeb's message header on his Bloomberg terminal reads: "Never interfere with an enemy when he is in the process of destroying himself," a quote from Napoleon.
Today's message from Mr. Loeb follows one from him taunting Ackman just a few weeks ago. On July 23, 2013, Loeb's header read: "New HLF product: The Herbalife Enema administered by Uncle Carl."
Once friends, the latest salvos from Loeb suggests there is bad blood between the two hedge fund managers.
With his most recent message to Ackman, Loeb is likely referring to two of Ackman's high-profile trades gone bad - first his short on Herbalife (NYSE: HLF) and now his long in JC Penney (NYSE: JCP).
Last week was brutal for Mr. Ackman in JC Penney. The board of the company, which Ackman is a member of, pushed back on Ackman's calls for a new CEO.
Mr. Ackman, it seems, is one lonely guy on Wall Street these days.
Today, Dan Loeb's message header on his Bloomberg terminal reads: "Never interfere with an enemy when he is in the process of destroying himself," a quote from Napoleon.
Today's message from Mr. Loeb follows one from him taunting Ackman just a few weeks ago. On July 23, 2013, Loeb's header read: "New HLF product: The Herbalife Enema administered by Uncle Carl."
Once friends, the latest salvos from Loeb suggests there is bad blood between the two hedge fund managers.
With his most recent message to Ackman, Loeb is likely referring to two of Ackman's high-profile trades gone bad - first his short on Herbalife (NYSE: HLF) and now his long in JC Penney (NYSE: JCP).
Last week was brutal for Mr. Ackman in JC Penney. The board of the company, which Ackman is a member of, pushed back on Ackman's calls for a new CEO.
Mr. Ackman, it seems, is one lonely guy on Wall Street these days.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Marvell Technology to join S&P 500 index on June 22
- Bill Ackman’s Pershing Square set to exit Universal Music stake - Bloomberg
Create E-mail Alert Related Categories
Hedge Funds, Insiders' Blog, Short Sales, Trader TalkRelated Entities
Daniel Loeb, William Ackman, Third Point LLC, Hedge FundsSign 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!
