Pershing's Square, Bill Ackman, has been building up expectations for the next presentation for his $1 billion Herbalife Ltd. (NYSE:HLF) short, and pushing Herbalife Ltd. (NYSE:HLF) stock even lower. Ackman teased saying that he has hundreds of hours of film and audio recordings and internal documents from former employees proving his argument that the company is a pyramid scheme. The expectations are extremely high as Ackman hinted at an Enron style scam in an interview yesterday with Bloomberg TV (see that transcript here). Ackman also stated on CNBC that today's conference would be the...
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