Dan Loeb Makes It Official: Out of Herbalife Ltd. (HLF)

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HFA Staff
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Friday’s 13G filing by Dan Loeb’s Third Point LLC reveals that the activist investor no longer has a holding in Herbalife Ltd. (NYSE:HLF). The filing puts the seal on what has been known for a while. Loeb’s valuation Dan Loeb took the opposite side from Bill Ackman’s massive $1B short on Herbalife Ltd. (NYSE:HLF). Ackman has been asserting that the multi-level marketing company is nothing but a pyramid scheme, and that its real value is likely zero. Loeb felt, however, that the company was undervalued and told shareholders of his fund in a January 9, 2013 letter that in his…

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