Bill Ackman is about to hold a call defending his position in Valeant Pharmaceuticals.
And ahead of this call, Herbalife, the nutritional supplement company Ackman is famously betting against and has called a pyramid scheme that will see its stock go to $0, just took a massive shot at Ackman.
In a one sentence press release, Herbalife said:
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 firstname.lastname@example.org.
“I hope Bill Ackman has done more research on Valeant than he did on Herbalife, Target, Borders and JC Penny (sic), ” said Alan Hoffman, executive vice president, global corporate affairs, Herbalife.
READ MORE: Bill Ackman
John Petrides, MD and portfolio manager at Point View Wealth Management, says it might not be a wise decision to follow Bill Ackman and Valeant stock. More…
Bill Ackman’s Pershing Square Capital, got pounded in September. The hedge fund was the best-performing last year, returning 40.4%. Last month the fund’s publicly traded vehicle, fell 12.5% for the More…