Herbalife(HLF) has been the target of a very public campaign by Bill Ackman, who is short and insists the company is a massive fraud. This morning, Herbalife is clearly enjoying the schadenfreude as Ackman prepares for a conference call in support of his long position in the embattled Valeant(VRX). The entire text of the press release:
“I hope Bill Ackman has done more research on Valeant than he did on Herbalife, Target, Borders and JC Penny[sic],” said Alan Hoffman, executive vice president, global corporate affairs, Herbalife.
Disclosure: The author has a small, short-dated short position in Valeant and owns shares of JC Penney