Bill Ackman has come under fire recently from a number of different fronts for his money-losing short strategy on Herbalife (HLF), including from fellow billionaires Dan Loeb, George Soros and Carl Icahn. This time, he could be hearing it from his own clients. It has been reported that investment bank Moelis & Co., which was hired by Herbalife, has been pressuring Pershing Square Capital Management investors to pull their money from the firm. Herbalife has had a very strong year, rebounding since Ackman attacked the company calling it a pyramid scheme last December. The company's stock is up over 126% year-to-date and finished the day flat.
If you didn't read it then please do.
I'm mad too.
I retired four years ago and still have employer sponsored insurance that covers my wife and myself.
The premiums have doubled, going up 27% for 2014 to 880 mo.
Even though I'm mad, being on fixed income now, I gotta tell you I have no deductible and most expensives are covered 100% with dental and vision covered to a lesser degree.
With Obamacare I think most people who supported it thought there would be sweeping changes in the entire health care industry. Sadly this was not the case, because without separating the capitalism from the equation, the system is to far out of touch with the average American's ability to pay.
The problem with the web site when I looked at it, was not only technical glitches, but that it did not inform you of the true cost calculation because the subsidy quotient was left out.
It redirected me to the private non govt website.
And after looking through the 27 plans that I was offered, I came away with a feeling of joy in still having my employer sponsored plan that I hate.
THE NIGHT BEFORE CHRISTMAS
by Clement Clarke Moore
or Henry Livingston
'Twas the night before Christmas, when all through the house
Not a creature was stirring, not even a mouse;
The stockings were hung by the chimney with care,
In hopes that St. Nicholas soon would be there;
The children were nestled all snug in their beds,
While visions of sugar-plums danced in their heads;
And mamma in her 'kerchief, and I in my cap,
Had just settled down for a long winter's nap,
When out on the lawn there arose such a clatter,
I sprang from the bed to see what was the matter.
Away to the window I flew like a flash,
Tore open the shutters and threw up the sash.
The moon on the breast of the new-fallen snow
Gave the lustre of mid-day to objects below,
When, what to my wondering eyes should appear,
But a miniature sleigh, and eight tiny reindeer,
With a little old driver, so lively and quick,
I knew in a moment it must be St. Nick.
More rapid than eagles his coursers they came,
And he whistled, and shouted, and called them by name;
"Now, Dasher! now, Dancer! now, Prancer and Vixen!
On, Comet! on Cupid! on, Donder and Blitzen!
To the top of the porch! to the top of the wall!
Now dash away! dash away! dash away all!"
As dry leaves that before the wild hurricane fly,
When they meet with an obstacle, mount to the sky,
So up to the house-top the coursers they flew,
With the sleigh full of toys, and St. Nicholas too.
And then, in a twinkling, I heard on the roof
The prancing and pawing of each little hoof.
As I drew in my head, and was turning around,
Down the chimney St. Nicholas came with a bound.
He was dressed all in fur, from his head to his foot,
And his clothes were all tarnished with ashes and soot;
A bundle of toys he had flung on his back,
And he looked like a peddler just opening his pack.
His eyes -- how they twinkled! his dimples how merry!
His cheeks were like roses, his nose like a cherry!
His droll little mouth was drawn up like a bow,
And the beard of his chin was as white as the snow;
The stump of a pipe he held tight in his teeth,
And the smoke it encircled his head like a wreath;
He had a broad face and a little round belly,
That shook, when he laughed like a bowlful of jelly.
He was chubby and plump, a right jolly old elf,
And I laughed when I saw him, in spite of myself;
A wink of his eye and a twist of his head,
Soon gave me to know I had nothing to dread;
He spoke not a word, but went straight to his work,
And filled all the stockings; then turned with a jerk,
And laying his finger aside of his nose,
And giving a nod, up the chimney he rose;
He sprang to his sleigh, to his team gave a whistle,
And away they all flew like the down of a thistle.
But I heard him exclaim, ere he drove out of sight,
"Happy Christmas to all, and to all a good-night."
Thanks a bunch fellas.
I gathered this much from reading todays posts, but wondered how that could negatively reflect on QCOR as I didn't hear of any historical ties to QCOR mgmt, legal or otherwise.
What I didn't read is Citrons case against QCOR or what they are alleging to be the improprieties of QCOR in all of this.
Is it that there isn't any??? Or am I missing something?? Thanks guys!
How can a stock almost completely owned by big name institutions be a bad bet?
If there was much risk or truth in any of this stocks negatives, wouldn't these big inst. holders have cut and run? Or is it that they bought most of their shares during last years crash and so do not show a loss on holding?
If that is the case then there has to be a price where they would start to support the shares by buying.
Although they could just stand aside, let the price tank and then jump in to buy.
All this leads me to believe that watching for volume spikes on an uptick is the time to jump in and buy.
But I do wonder where that support line really is, or is one even there???
I don't see him listed on the insiders roster.
I don't follow this stock closely as I only have a small holding, and I would second that question, if anyone could point out the direction.
Someone should point out that Bill Gates bought the source code for the windows op system from a guy for 50k.
Too good to be true!
is when to catch the falling knife.
The current price is below where this was prior to last earnings announcement, meaning no value added for a great earnings announcement.
is a diamond in the rough.
No, not a piece of coal and not yet a finished diamond.
So you can sell that uncut diamond or wait till they finish it, in which case the value will be a multiple of the current price.
The choice is yours!
Don't they realise that 100 years ago no one even had Obamacare. And most people worked at their jobs all their lives.
Was none of this, your jobs been outsourced again, but I hear Mcdonalds is hiring if you got a high school diploma.
People just don't know how good they got it.
Yea, what is it they don't understand.
It's about greedy unions and a thriving middle class vs.globalism, outsourcing,and low wage flight.
The world gets along just fine with places like India and China.
Whoever said we need a middle class.
It doesn't matter if you have been displaced because we shipped your job to India or China or Kentucky.
The boss gotta make a profit, you know.
What was really rare was your knowledge of the 25% rule.
Most investors including myself never heard of it.
You really can't blame others that challenged you on it, and I'm not saying you did, and we all learned something.
So thanks for the education!