As hedge fund manager, Bill Ackman's bid to reduce multi level marketing giant Herbalife to ruins, crumbles before his eyes....
Mr Ackman has stated he will take this bid "to his grave". This has not deterred Herbalife, it's officers, distributors or potential investors. In fact, and IMO rightfully so, it has spurred recent investment and recruitment activity.
Shares have risen to $75.21 in trading earlier to day, and....
“We are very happy, but I don’t think it was unexpected,”
Icahn said yesterday in an interview about the results of the audit.“It is a good company, it is still undervalued, it’s a growth company which gives work to a lot of people and what Ackman says is nonsense.”
Herbalife was also cleared in a Belgian appeals court of being a "pyramid scheme".
All of this is VERY good news for Herbalife and the network marketing industry.
For more on this story see the links below....
It is realy a great news for Great news for Herbalife, their customers/distributors AND our industry.
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