Herbalife Ltd. (NYSE:HLF) today took the battle into the short-sellers’ camp by announcing enhanced preliminary results for the fourth quarter and full year 2013, an enhanced buyback plan and a convertible note offering worth $1B. The company is scheduled to declare 2013 results on February 18, although at the time of this writing Ackman has started another campaign, as reported exclusively by ValueWalk.
Preliminary results beat analysts’ expectations
Herbalife Ltd. (NYSE:HLF) said today it expects to report fourth quarter EPS in the range $1.26-$1.30 on revenue of about $1.27B, up nearly 20% year-on-year. The...
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