Herbalife (HLF) Initiated Ackman Investigation As Battle Heats Up

Herbalife Initiated Ackman Investigation As Battle Heats Up

By: Michelle Jones 

Source: ValueWalk

Vijay Marolia of Regal Point Capital Management, whose short position on Herbalife has been well-documented, suggests he would be convinced of Herbalife’s innocence if management releases one specific piece of information:

“What keeps getting missed is perhaps the simplest to comprehend,” he told ValueWalk in an email. “The truth is that HLF could and should reveal a breakdown of their retail sales which would solve the entire drama once and for all… The fact that they would rather spend more money fighting a supposedly false claim that should be entirely refutable does not say much for management’s concern for shareholder value. ”

Read Full Article Here