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.
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…
