Actionable news
0
All posts from Actionable news
Actionable news in HLF: HERBALIFE Ltd.,

Bill Ackman's Battle to Bring Down Herbalife Hits Big Screen in New Documentary

2

Bill Ackman isn't giving up on his quest to bring down Herbalife (HLF - Get Report) , despite the fact that shares of the nutrition-products distributor have more than doubled since he announced his hedge fund's roughly $1 billion short position in the company back in 2012.

In fact, the billionaire activist said he's willing to pursue his mission "to the end of the earth" in a new big-screen documentary, which debuted Thursday at the Tribeca Film Festival.

Betting on Zero, the new film by Ted Braun -- who had previously directed the 2007 documentary Darfur Now, illuminating the Sudanese humanitarian crisis -- recounts Ackman's more-than-three-year effort to see a collapse in Herbalife stock.

But Herbalife shares have gone up significantly since Ackman, the CEO of hedge fund Pershing Square, first revealed his massive short position against Herbalife in December 2012. The film tracks Ackman's continuing quest to prove that the company's central business equates to a "pyramid scheme."

The film opens with Ackman preparing...


More