|Bid||102.540 x 200|
|Ask||102.610 x 100|
|Day's Range||102.395 - 103.810|
|52 Week Range||60.010 - 104.970|
|PE Ratio (TTM)||39.77|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
CNBC's Scott Wapner, "When the Wolves Bite" author, talks about the brawl between billionaires Carl Icahn and Bill Ackman on CNBC's "Fast Money Halftime Report."
Hedge fund manager Bill Ackman and his team had spent months preparing for the takedown of Herbalife HLF – preparing hundreds of slides for the presentation which was now only days away. Herbalife had no idea what was coming. Then CEO Michael Johnson had helped build the business into a fast-growing juggernaut.
Ackman and his firm, Pershing Square Capital Management, wreaked havoc on the nutritional supplement company back in December 2012, betting a whopping $1 billion against Herbalife on the grounds that it was an illegal pyramid scheme that preyed on low-income people and minority groups. According to an excerpt from the forthcoming book "When the Wolves Bite: Two Billionaires, One Company, and an Epic Wall Street Battle" by Scott Wapner, cited by CNBC, Johnson ordered a top-secret report on his enemy.
In this excerpt from his new book, Scott Wapner takes you inside one of the biggest battles Wall Street has ever seen.
Shares of Herbalife Ltd. rallied 1.1% in premarket trade Wednesday, after the nutrition company said it commenced a self-tender offer to buy back up to $600 million worth of its shares. The tender offer is scheduled to expire on May 16, at 5:00 p.m. ET, barring an extension. "The company believes that the repurchase of shares pursuant to the tender offer is consistent with its long-term goal of maximizing shareholder value," Herbalife said in a statement.
Herbalife Ltd (NYSE:HLF) is trading with a trailing P/E of 37.3x, which is higher than the industry average of 21.4x. While HLF might seem like a stock to avoid orRead More...
Nike Inc (NYSE:NKE) provided a staggering market with some much-needed support. Last week, The Dow Jones Industrials average suffered its fifth-worst point loss in history, plummeting more than 700 points. So, it came as great relief for the market when Nike stock moved higher Friday.
Outside the walls of the Austin Convention Center and other official South by Southwest venues around town, countless connections are being made, partnerships are being forged and deals are being done. Much of the action at the festival takes place in the corporate “activations” — event venues, restaurants and even parking lots taken over by big companies such as YouTube (it again rented out the Coppertank Event Center on Trinity Street), Google (it took over a two-story house on Rainey Street to highlight its Google Assistant device) and Comcast (which had set up inside Cafe Medici on Congress Avenue). Herbalife Ltd. (HLF), a seller of nutrition products and health supplements, took over a parking lot on Second Street near the Austin Convention Center to promote its brand and give free samples to passers-by.
Much of the action at South by Southwest takes place outside the panel discussions and other official venues. See why big brands spend big money to stand out from the crowd.
On Thursday, March 1, 2018, investor Carl Icahn discussed his latest buying activity in an interview with CNBC. The legendary investor took a large position in Newell Brands (NWL) in the first quarter of 2018. There’s potential because these brands are another area in the retail business that I think will still survive and, in fact, get even more profitable.” Icahn disclosed that he bought Newell stock at around $25 per share.
In December 2017, Herbalife Ltd (NYSE:HLF) released its most recent earnings announcement, which revealed that the company experienced a substantial headwind with earnings deteriorating by -17.73%. Below is my commentary,Read More...
Herbalife Ltd. (NYSE: HLF ) is up more than 40 percent in 2018, and investors can expect even more gains ahead, according to Citi. The Analyst Citi's Beth Kite upgraded Herbalife's stock rating from Neutral ...
Shares of Herbalife Ltd. (NYSE:HLF) are up over 40%, so far this year, finally forcing famed short seller Bill Ackman out of his bearish bet. The most recent leg up was predicated on the announcement of a name change, stock split and Dutch auction — basically the kitchen sink approach to squeeze the HLF stock shorts into submission. Now that the bears have gone into hibernation, I think it is a perfect time from a contrarian standpoint to revisit the short thesis on Herbalife stock.
The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Index (PMI) data, output in the Consumer Services sector is rising.