Icahn Has Some Play Money to Spread Around (HLF) (AAPL) (JCP)

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Icahn Ends Dell (DELL) Appraisal Request

October 4, 2013 11:37 AM EDT

Carl Icahn said via twitter that he has withdrawn his appraisal request on Dell (Nasdaq: DELL) shares that he owns. Icahn said he has better uses for the $2 billion in capital. Icahn requested the appraisal based on his view that the $13.75 offer by... More

Is M-O-A-S-S Off the Table for Herbalife (HLF)?

October 3, 2013 11:52 AM EDT

When the news broke this morning that short seller Bill Ackman capitulated on Herbalife (NYSE: HLF), covering 40% of his short bet, conventional thinking would have assumed that the stock would be higher. But Mr. Market is reading it different. Instead, shares are down 5.6% on the... More

Ackman Adds More Constraints to Herbalife (HLF) Thesis with Latest Move - Analyst

October 3, 2013 11:43 AM EDT

D.A. Davidson maintains a Buy rating and $92 price target on Herbalife (NYSE: HLF) following an update from Pershing Square's Bill Ackman on his short position made recently.

Analyst Timothy Ramey commented, Pershing likely bought out-of-the-money (e.g., $37.50 strike price, at half HLFs current price) puts covering 10 million shares (100,000 puts... More

Ackman's Nemesis Speaks About Herbalife (HLF) Short Covering, Thinks Puts Expire Worthless

October 3, 2013 8:44 AM EDT

The axe in Herbalife (NYSE: HLF), Tim Ramey of DA Davidson, is out with commentary following earthshaking news that short seller Bill Ackman's Pershing Square has "in recent weeks" covered "more than 40%" of the estimated 24.5 million share short position, replacing the stock with OTC put options that are far out of the money. Notably, Ramey made an appearance in Ackman's letter to investors.

Ramey believes Pershing likely bought out-of-the-money (e.g., $37.50 strike price, at half HLF's current price) puts covering 10 million shares... More

Ackman Still Short Herbalife (HLF), But Now Has Different Approach

October 3, 2013 6:32 AM EDT

Bill Ackman is making a smarter bet on Herbalife (NYSE: HLF).

According to a third-quarter 2013 performance letter issued by hedge fund Pershing Square, Ackman has... More