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.