Wall Street Rejects Ackman’s Herbalife (HLF) “Death Blow”

Wall Street Rejects Ackman’s Herbalife “Death Blow”

By: Svea Herbst-Bayliss and Ryan Vlastelica

Source: Reuters

“Unfortunately, Bill over-promised and under-delivered on this presentation,” said Vijay Marolia, a fund manager at Regal Point Capital Management. Several other hedge fund managers said that they were recent buyers of the stock, and were not convinced to sell by Ackman’s presentation.

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