Big Plans For Herbalife: Opening $100 Million Plant And Planned Counter Attack Against Ackman

ValueWalk reported:

Fox Business Network’s (FBN) Charles Gasparino reports Herbalife Ltd. (NYSE:HLF) is planning a counter attack on Pershing Square Capital CEO Bill Ackman, following the cancellation of a meeting with Herbalife by Ackman. Gasparino reports, “people inside Herbalife are telling me that it could be legal,” possibly “a lawsuit about stock manipulation.”

On Herbalife planning a counter attack against Bill Ackman:

“They are planning some sort of counter attack. People inside Herbalife are telling me that it could be legal, clearly like a lawsuit about stock manipulation or something else. What they are saying is they are clearly going to do an attack.”

Source: http://goo.gl/ewb9om

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Herbalife Hits new 52 Week Low

Herbalife (NYSE:HLF)’s share price reached a new 52-week low during mid-day trading on Monday , Analyst Ratings News reports. The stock traded as low as $35.10 and last traded at $35.12, with a volume of 908,464 shares trading hands. The stock had previously closed at $37.58.

HLF has been the subject of a number of recent research reports. Analysts at Buckingham Research downgraded shares of Herbalife from a “buy” rating to a “neutral” rating in a research note on Monday. Separately, analysts at Barclays cut their price target on shares of Herbalife from $80.00 to $74.00 in a research note on Friday, November 21st. They now have an “overweight” rating on the stock. Finally, analysts at BTIG Research initiated coverage on shares of Herbalife in a research note on Wednesday, November 19th.

They set a “buy” rating and a $55.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. Herbalife has an average rating of “Hold” and an average price target of $64.30.

Source: http://goo.gl/4fQ1QB

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Herbalife Ltd. Hires Ex FTC Regulator As Compliance Chief

Shares of Herbalife Ltd. edged upward by as much as 3% in premarket trading this morning

Herbalife Ltd. (NYSE:HLF) is furthering its fight against allegations made by activist investor Bill Ackman. He has been chipping away at the company’s credibility and business model for nearly two years now. Ackman has called Herbalife a pyramid scheme and said that the company’s distributors do not comply with laws governing multi-level marketing companies.

He has been trying to shut down the company, accusing it also of misrepresenting sales numbers and inflating prices for commodity products. Officials are investigating Ackman’s allegations.

view-source: ValueWalk

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Herbalife Hires a Safe 'Harbour' to Head Compliance

Herbalife Ltd. has brought on former Federal Trade Commission Commissioner Pamela Jones Harbour to oversee the nutritional supplement provider's compliance work amid an investigation by the agency into the company's business practices and structure.

Harbour has joined Herbalife as senior vice president, global member compliance and privacy, which is a new position, the Los Angeles-based company announced Monday. She most recently was a partner in the antitrust and competition practice and a national coleader of the privacy and data protection team at Baker & Hostetler in Washington, D.C., and New York. Harbour worked at the law firm for less than a year.

view-source: Corporate Counsel

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