Ackman, in final public comment on Herbalife, says investment will work out - InvestingChannel

Ackman, in final public comment on Herbalife, says investment will work out

Pershing Square’s Bill Ackman, while speaking on CNBC, says he’s been right on the facts about Herbalife even though the shares have gone from $48 to $66. The company has retired around 30% of the shares while Carl Icahn also amassed a stake, Ackman says. The company has levered up to buy back shares, and fundamentals “will rule at the end of the day,” Ackman proclaims. The investor noted that he can no longer be forced to cover his short position as his stake is now entirely in puts. Ackman, while announcing today will be the last time he speaks about Herbalife publicly, said the stake will ultimately “turn into a nice investment.” The nutrition company is down 2% to $66.75 in midday trading.