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More Squawk From Jim Cramer: Herbalife (HLF) Still Has Earnings Power

NEW YORK (TheStreet) -- Shares of Herbalife (HLF) were gaining in mid-morning trading on Monday after billionaire investor Carl Icahn disclosed late Friday that he bought 2.3 million more shares of the Grand Cayman-based nutrition company, bringing his total stake to 21%.

The stock had sold off earlier Friday after Pershing Square's Bill Ackman said he was contacted by Jefferies about purchasing Icahn's entire stake in the company.

But regardless of its investors, the company's earnings power remains fundamental, TheStreet's Jim Cramer said on CNBC's "Squawk on the Street" this morning.

The nutrition company last month settled...