Connect with us

Hi, what are you looking for?

Jewish Business News


Jim Cramer: Bill Ackman Is Having an Impact on Herbalife

The Friars Club Roast Of Matt Lauer

On CNBC’s Mad Dash segment, Jim Cramer described the power of one hedge fund manager to destroy a company. While Herbalife isn’t dead yet, Pershing Square Bill Ackman’s “non-stop 24 hour ‘Herbalife is a scam’ call” seems to have dealt the company a blow. Herbalife reported its second consecutive disappointing earnings, with a 4% decline in U.S. business and a 17% reduction in new members. Further analyst downgrades are expected, and regardless of whether Herbalife is really a scam or not, the stock is down for good reasons.

Michael Kors (KOR) beat earnings estimates, but reported a same store sales increase of 10% when Wall Street was looking for a rise in the high teens. What is hurting Kors is the lack of mall traffic, something Starbucks CEO Howard Schultz also warned about. Mall visits are declining in favor of ecommerce, and Cramer sees further declines for Michael Kors.

Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at
Thank you.




You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...


The Movie The Professional is what made Natalie Portman a Lolita.


After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.