How much money can that Ackman loose even after JC Penny? He bribed SEC, then he bribed newyork times, CNBC and now the consumer league. US corruption level is getting equal to third world country. Just one hedge fund manager, for his personal gain can go to so many authorities so that money makes free-flow to his buckets? Is there not anybody in such a big country to put this corrupt guys behind bar? Thse people are taking common investors money for their fun. never forgive them. Just buy more if the price drops. At this juncture HLF should go private and say bye to corrupt SEC.
Sentiment: Strong Buy
Chapman's quote in the WSJ.
UPDATE: One Herbalife shareholder voiced his displeasure after learning about Ackman’s response to the consumer group’s call for an Herbalife investigation.
“You are witnessing the sad show of a painted-into-a-corner short seller grasping at whatever straws he can reach,” said Robert Chapman Jr., an activist investor who started accumulating shares in Herbalife late last year after Ackman laid out his bearish case against the company.
“The obvious risk of Ackman’s blatantly cajoling, and then bullying of a 32-year diligent federal regulator is that it seems to be backfiring on him,” Chapman said. “The FTC seems to have said ‘no’ to him, but he just keeps insulting and deriding them over and over again.”
I can especially appreciate the comment, “You are witnessing the sad show of a painted-into-a-corner short seller grasping at whatever straws he can reach,”
Aaack, Aaack, Aaack, someone get my back.
Aaaackman, you lost your bet, so stop your whining, cover or take your medicine and MAN UP !
STOP acting like the schoolyard crybaby ! !
Sentiment: Strong Buy
Wow, another slap in the face to the regulators by parties of potentially questionable connections and agenda. It seems that the National Consumers League is also brimming with the same level of self-importance as Ackman, insofar that they apparently believe that the FTC is incapable of carrying out its mandate and statutory duties without being reminded. The FTC must be flattered having already been chided by Ackman that to not conclude that HLF is a pyramid scheme is the same as the SEC missing Madoff. I wonder what connections exist between Ackman and his band of affiliates all bent in telling the FTC what its responsibilities are. An investigation into any connections could make an interesting news story.
Will the National Consumers League be satisfied with a FTC investigation that clears/suggests subtle changes to HLF's business model or will they too, shift their focus to Congress as Ackman has stated his next move could be?
I agree. But enough damage is done already by SEC and CNBC. That is unforgivable. This is the same SEC who listed the Chinese fraud RTOs and CNBC pumped those during 2008-2009. After the traders hedged those Chinese scams, looted common people money, then they started bashing when they are done. SEC delisted them saying Chinese RTOs are no more good. They made their fortune but so many common people lost their life savings.