Five years after Bill Ackman ended his activist short campaign against Herbalife ($HLF), the stock has plummeted by -80%, breaking the $10 mark. Ackman's initial campaign, although financially unsuccessful, highlighted significant issues within Herbalife, attracting attention from various financial analysts and media. Critics of Ackman, while acknowledging the timing and financial loss of his campaign, commend his identification of underlying problems in Herbalife. The saga also shed light on the broader impact on undocumented immigrants, an aspect that received minimal media attention compared to the billionaire feud.
Reporting on this saga, I learned the media didn't care about undocumented immigrants who were burned by $HLF & that its only interest was the fight between 2 billionaires. I did my best, though! IMO it was a high point of @billackman's career, though a loser financially. https://t.co/bOZnOmANqe
As for @BillAckman when you lose a couple billion on a short and it blows up 10 years later, you are 1) Wrong and 2)worth 2 billion less.. Timing matters Bill but you had the concept right and for that well done.. NO VICTORY LAPS when you lose Billions you Asshat.. @mcelarier
I don't agree w/@BillAckman on everything but we go back to MBIA days and I agree 100% on $HLF. My work was independent of his while at @cnbc... https://t.co/1D9LLGDlgu. I always said that many of the HFs that were long TO SPITE Bill normally woulda been short it. Onward... https://t.co/znd9ia3i45
I don't agree w/@BillAckman on everything but we go back to MBIA days and I feel the $HLF. My work was independent of his while at @cnbc... https://t.co/GsBrzg2TVi. I always said that many of the HFs that were long to spite Bill normally woulda been short it. Onward... https://t.co/znd9ia3i45
5-years after @BillAckman ended his activist short campaign against $HLF the stock is down (-80%) and breaking $10 this morning. Kind of amazing that names like this almost always go out with a whimper, not a bang. Probably worth a post-mortem @SullyCNBC. What Icahn did here was…