From the New York Post: The hedge-fund manager — who took a $1-billion short against
Herbalife’s shares last year — reiterated his call for an investigation of the
company while attacking a recent survey that Herbalife says refutes his
allegations that it is a pyramid scheme.
Ackman’s Pershing
Square said that the Nielsen survey funded by
Herbalife relied on responses from only 349 individuals to conclude that 7.9
million Americans have bought Herbalife’s products in the past three months. While Herbalife has “incurred substantial
expense in commissioning surveys,” the company “refuses to release actual sales
data,” Pershing said in a statement. “If
Herbalife is a legitimate consumer products company, it should be tracking
sales data as closely as possible,” the statement continued.
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