Last night, William Ackman promised to destroy Herbalife with a devastating presentation that would give the company a final deathblow. Instead, viewers were surprised and quite disappointed when Mr Ackman presented in one of my opinion one big waste of time and in fact one of the most ridiculous arguments ever given. In fact, during the presentation, Mr Ackman had the gall to compare Herbalife to the Nazi Regime. Now, I’m not an expert at speeches in all but when a person is comparing a supplement company to the most brutal and oppressive regimes in history….you’re prob losing the fight.
As expected, Herbalife shares increased by over 25% that day after dropping 16% the previous day before the speech.