ACKMAN: I Believe Arrests Are Coming In The Herbalife Story
Reuters/ Shannon Stapelton
Ackman is famously short Herbalife, announcing his position in an enormous 342-slide presentation in December 2012.Ackman also said that his bet against Herbalife is now mostly in the form of put options, or contracts to sell shares of the company at a future date, rather than simply holding shares of the company short.
In March, the FTC launched a formal investigation into the company, which Ackman called a "pyramid scheme" in his presentation.Following disclosure of the investigation, shares of Herbalife fell below $50, but have subsequently risen to more than $60, a move Ackman attributed mostly to the company buying back stock.
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