Ackman is just unbelievable…you heard what he said about Valeant when they plunged 50%? He said his only mistake was not investing more into Valeant. He also said he wish he had more money now to increase his allocation.
^ Bwahaha, I vaguely remember his statements scrolling across my news wire back then!! Sounded like he was running around town like a chicken with its head cut off, trying to convince everyone they were missing out, “I’d buy more!”. I guess he actually did right? Well, VRX is at an all new low now.
And Herbalife keeps trending up, which he shorted. Dude needs to learn to walk away when it’s time.
yeah that guy doubled down. We were watching his interview on CNBC and i remember our PM just barking at the TV. but hey when you have 2.6bb who cares. you probably feel like you own the damn market.
Nobody can say Ackman isn’t persistent! Add to the short loss years of finance charges, short any dividends (if this applies), plus loss of all costs bringing these legal/press attacks. Odds of breaking even?? Seems like would be slim. I hate Herbalife too, but jeez.
“Billionaire hedge fund manager Bill Ackman plans to maintain his bet against shares of Herbalife Ltd. and will push regulators outside of the U.S. to investigate the nutrition company, according to a person familiar with the situation.”
“Pershing Square started betting against the stock when it was in the high $40 range, and it closed at $64.58…”