Herbalife Ltd.’s big day has finally arrived.
The nutritional-supplement maker mounted a spirited defense at its investor day Thursday morning in New York, in an attempt to thwart a wave of criticism reignited by hedge-fund short sellers.
Herbalife has made big moves ahead of today’s meeting. The company has hired a strategic adviser, it is working with law firm Boies, Schiller & Flexner and it has said it will speed up a previously announced $1 billion stock buyback plan.
In Thursday’s meeting, the company fought back against hedge-fund manager William Ackman’s claims that Herbalife is a pyramid scheme. Ackman has bet more than $1 billion against Herbalife, a wager that sent the stock plummeting in late December. Herbalife has vehemently denied the pyramid-scheme allegations.
http://factsaboutherbalife.com/
Herbalife is a Pyramid Scheme!
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Herbalife is a Pyramid Scheme!
Last edited by MachineGhost on Thu Jan 10, 2013 7:08 pm, edited 1 time in total.
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Disclaimer: I am not a broker, dealer, investment advisor, physician, theologian or prophet. I should not be considered as legally permitted to render such advice!