- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Herbalife trading halted; FTC launching investigation
Posted on 3/12/14 at 12:38 pm
Posted on 3/12/14 at 12:38 pm
Going to be a bloodbath when it reopens
6
Posted on 3/12/14 at 12:43 pm to southernelite
quote:
Herbalife trading halted; FTC launching investigation
Whats the investigation?
Posted on 3/12/14 at 12:44 pm to southernelite
Hell, Yahoo had a story yesterday about how it was soaring, etc. So much for that.
Posted on 3/12/14 at 12:45 pm to Lsut81
(no message)
Posted on 3/12/14 at 12:46 pm to Lsut81
No hard information. Just that the FTC is opening a civil inquiry.
Posted on 3/12/14 at 12:48 pm to OnTheBrink
quote:
Yahoo
Definitely the source of all things finance.
Posted on 3/12/14 at 12:50 pm to southernelite
Where are you seeing this? It looks to be trading
Posted on 3/12/14 at 12:51 pm to C
Yowzers, it just dropped 12%!
This post was edited on 3/12/14 at 12:52 pm
Posted on 3/12/14 at 12:53 pm to C
CNBC, just reopened at $58.....very volatile
Posted on 3/12/14 at 12:55 pm to southernelite
yeah sorry I was looking at the wrong time (1230 est vs cent
Posted on 3/12/14 at 12:55 pm to Lsut81
quote:
Whats the investigation?
This is the snipet from MarketWatch:
quote:
NEW YORK (MarketWatch) - Trading in Herbalife Ltd. /quotes/zigman/361145/delayed/quotes/nls/hlf HLF -12.45% shares was halted Wednesday afternoon after the company confirmed it is being investigated by the Federal Trade Commission. The news came the day after hedge-fund financier Bill Ackman accused Herbalife of violating Chinese pay rules. He has also accused the company, which sells nutritional supplements, of being a pyramid scheme, and he has encouraged the FTC to investigate. Herbalife has adamantly denied Ackman's accusations. Wednesday, it said it had received a "Civil Investigative Demand" and that it "welcomes the inquiry given the tremendous amount of misinformation in the marketplace."
Shares stopped trading at 1:18 p.m. Eastern. At the time, they were up 4.5%. Trading of Nu Skin Enterprises Inc. /quotes/zigman/170032/delayed/quotes/nls/nus NUS -2.04% was halted at 1:29 p.m. Eastern because of rapid price swings. Nu Skin has a similar business model as Herbalife, relying on door-to-door sellers.
Posted on 3/12/14 at 12:56 pm to iknowmorethanyou
quote:
iknowmorethanyou
quote:
Definitely the source of all things finance.
Yes, yes you do!
Posted on 3/12/14 at 1:47 pm to plex
I guess the hedge fund guy who shorted the piss out of them and threatened to bring them down, got his way
Posted on 3/12/14 at 2:36 pm to southernelite
Some famous investor has been shorting this really hard the last 6 months. I forgot the details.
Posted on 3/12/14 at 2:48 pm to southernelite
So Akman, the wealthy hedge fund guy, pays off black and Latio special interest groups who get their "members" to write the govt to investage because Herbalife is taking advantage of them. Dem polition Sanchez from Calf jumps on board. This is all politics. total bs.
Posted on 3/12/14 at 6:02 pm to iknowmorethanyou
quote:
Definitely the source of all things finance.
I like Yahoo finance...
Posted on 3/12/14 at 6:08 pm to I Love Bama
quote:
Some famous investor has been shorting this really hard the last 6 months. I forgot the details.
Bill Ackman is huge short. Says the company is a pyramid scheme and scamming investors.
Carl Icahn is huge long.
Icahn and Ackman have been at it for a long time now.
Posted on 3/13/14 at 1:39 am to southernelite
quote:
Carl Icahn is huge long.
Soros was long, he must have sold his position for the FTC to investigate.
The reason I finally got caller ID on my home phone back in the 90's was because of a woman who was trying to get us in herbalife program. Nearly drove me crazy.
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News