Billionaire hedge fund manager Bill Ackman has called Herbalife's multi-level marketing model a "pyramid scheme" and has taken out an expensive bet against the company.
But other noted money managers like Carl Icahn are defending Herbalife (NYSE: HLF) and taking the other side of the bet, igniting a skirmish between short sellers and long buyers.
Billionaire hedge fund manager Bill Ackman has called Herbalife's multi-level marketing model a "pyramid scheme" and has taken out an expensive bet against the company.
But other noted money managers like Carl Icahn are defending Herbalife (NYSE: HLF) and taking the other side of the bet, igniting a skirmish between short sellers and long buyers.
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Herbalife Ltd. (NYSE: HLF) shares were down 12% in premarket trading with a second-quarter earnings release that missed analysts' expectations.
This all while the nutrition company continues to be a high-priced target for short sellers who are skeptical of HLF's marketing practices.
Here’s why this company is on everyone’s radar…
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Stock market news, week ending July 25, 2014: The S&P 500 hit record highs on Tuesday, Wednesday, and Thursday, while the Dow Jones Industrial Average struggled this week to stay over the 17,000 point threshold it first obtained on July 3.
In the week before, Malaysia Airlines Flight 17 was shot down, likely by separatist rebels in Ukraine, causing the Dow to tumble to 16,976.81 on July 17. It opened this week at 17,092.02 points, and finished at 16,960.28.
These were the top stories in stock market news...
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Bill Ackman, founder of Pershing Square Capital Management LLC, may consider his public condemnation of Herbalife Ltd. (NYSE: HLF) "the most important presentation" of his career, but you wouldn't think so looking at Herbalife stock today (Tuesday).
It's just the latest battle in a two-year war between short sellers, activist investors, and a nutritional supplement company.
Here's a closer look at that tortured road...
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Editor's Note: Shah shared this true "billionaires' brawl" on Dec. 17th. Today, as promised, he'll show you how to make money from it. Take notes...
Sure, the Herbalife game that pitted Bill Ackman against David Einhorn, Dan Loeb, Carl Icahn, and the rest of the billionaire boys' club was a tad bit personal.
It was also professional, very professional.
All the billionaires playing the Herbalife game are professional money managers. They made their mega fortunes in the markets.
But you don't have to be a billionaire to make money in the game.
In fact, you can play the same game and profit nicely by understanding how to follow their lead.
After all, that's what they're doing.
There's a lucrative new trading "set-up" a lot of investors are using now. But unlike classic approaches, like "don't fight the Fed," and "the trend is your friend," there are no rules on how to play this new game.
So let's change that today.
This is the true story about two billionaires' egos, their trading games, and what happens when they clash over the same stock.
It's a story you can profit from, too...
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The battle between hedge fund titans William Ackman and Carl Icahn over Herbalife Ltd. (NYSE: HLF) is one of the most entertaining Wall Street clashes in years. Here's the breakdown.
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