Just finished watching the video of Bill Ackman’s presentation on why Pershing Square is shorting Herbalife (HLF). You need to visit this website and submit some personal info, but it’s well worth it. The presentation is over three hours long, but I learned a lot about how multi-level marketers operate.
Ackman has said Pershing Square is short over $1 billion of the company’s shares and is absolutely convinced the company is a pyramid scheme. Apparently, Herbalife has said they are going to have their own conference to refute Ackman’s presentation. I’m really looking forward to see how this plays out, but for now, I’m definitely on Ackman’s side.