What You Need to Know Going Into Herbalife's Earningshttp://www.fool.com/investing/general/2013/02/19/what-you-need-to-know-going-into-herbalifes-earnin.aspx Michael B. Lewis
February 19, 2013
The Herbalife (NYSE: HLF) media coverage may have quieted down a bit in the last week or two, but the battle rages on. We found out that Carl Icahn, in fact, does have a stake in the company while Bill Ackman has not covered a single share of his billion-dollar short. We also know that Dan Loeb -- who was the original super bull after Ackman's December presentation -- has trimmed his position in the company. Of course, the question still remains whether Herbalife can be deemed a fraud or not. Let's take a look at recent developments surrounding the too-hot-for-tv debacle to try and figure out where the company is headed into today's earnings report.
Previously on The Herbal-Life
On the less nefarious end of things, Daniel Loeb's Third Point Capital has been unloading its own shares of Herbalife after initially taking a stake right after Ackman's December presentation at the Sohn Conference. Ackman had said at the time he believes Dan is a smart and talented investor and he was trading Herbalife -- not investing. The fact that Loeb has spent less than two months in the position confirms this, dead on. Third Point still holds a position in the company, sources say, but we do not know the exact amount.