Thursday, December 20, 2012

Bill Ackman tears into Herbalife

The biggest news of the day. Ackman skewers into Herbalife at Ira Sohn, calling it a  "pyramid scheme." He is short over $1B (over 20M shares). It's the second "Big Short" in his career after MBIA. He claims he did not share his views with his tag team buddy Einhorn, which we doubt very seriously.

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