The Great Herbalife Corner Of 2013…??

Herbalife (HLF:NYSE) feels like another epic battle. Two individuals with outsized personalities, Bill Ackman and Carl Ichan have taken opposite views on the merits of the business. Ackman is short 20% of the company’s shares. Ichan is long an almost equal number of shares. Various funds have joined in on either side of the debate. There are now 31 million shares short out of the 103 million shares issued by the company. Both sides are resolute to win at any cost. This mini-drama has gone on since the end of last year. However, the battle recently changed as George Soros joined the long party with 5 million shares on the long side. Looking at the stock chart, I suspect that other large investors are slowly accumulating shares. This has all the makings of yet another corner. Could Ackman be trapped in an epic squeeze?

via AdventuresinCapitalism | The Great Herbalife Corner Of 2013…??.


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