Mr. Pink's Picks: selected event-driven value investments Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: StockDung	1/16/2013 3:40:48 PM
	of 18998

Icahn reportedly buys stake in Herbalife January 16, 2013, 3:32 PM Activist investor Carl Icahn has bought a “small” stake in Herbalife Ltd. /quotes/zigman/361145 /quotes/nls/hlf HLF -1.79%, according to a report Wednesday in The Wall Street Journal. Read the full story on WSJ.com. The news is the latest twist in the drama surrounding the nutrition company. The Herbalife investment case has riveted Wall Street ever since two other prominent investors publicized their views of the company. In late December, hedge-fund investor Bill Ackman said he had taken a massive short position in the stock and claimed that Herbalife was a pyramid scheme. Then, on Jan. 9, another hedge-fund investor Daniel Loeb disclosed that he has bought an 8% stake in Herbalife, pitting him against Ackman. The following day, Jan. 10, Herbalife held a presentation for investors for two and a half hours in an attempt to refute what it called Ackman’s “misrepresentations.” Read more on the Herbalife defense. The Journal points out that Icahn and Ackman have been at odds for years, with Icahn telling the newspaper last year that “any criticism from Bill Ackman I consider a compliment.” That comment came after Ackman had said at a conference that he had no respect for Icahn. Stay tuned as activist investors continue to do battle. In the meantime, shares of Herbalife are trading down 1.7% on the day. – Polya Lesova Follow Polya on Twitter at @PolyaLesova

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next