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Soros Fund Management cut Herbalife bet in 3rd qtr after company missed earnings

MLM News November 19, 2014

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one of the world’s most widely followed investment firms, slashed its stake in Herbalife Ltd. by 60 per cent during the third quarter, a period when Herbalife missed

and his family, sold 2.8 million shares of the nutrition and weight loss company, bringing its stake to 1.8 million shares at the end of September, a filing with the Securities and Exchange Commission on Friday showed.

began betting on its demise in December 2012 with a $1 billion short position. Ackman claims that Herbalife is a pyramid scheme in which distributors earn more money by bringing in new recruits than by the actual sale of products to consumers. The company has steadfastly denied those claims.

Icahn, Herbalife’s biggest investor and who has a handful of directors on the company’s board, held his stake steady at 17 million shares, his SEC filing showed.

This year, Herbalife has lost speed. Its stock price tumbled 32 per cent during the second quarter when the company missed analysts’ consensus earnings estimates for the first time since 2008 and cut its full-year revenue forecast. It missed earnings forecasts again in the third quarter, and its stock price has lost 51 per cent this year.

Herbalife still has supporters, including Richard Perry’s Perry Capital, Herbalife’s sixth largest investor, which raised its stake by 39 per cent, to 5.6 million shares.

Source from http://articles.economictimes.indiatimes.com/2014-11-15//56115221_1_earnings-estimates-carl-icahn-tiger-consumer-management

 

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‘Direct selling industry can touch Rs 64,500 crore by 2025’

MLM News November 18, 2014

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In India, market is around 0.08% of the GDP at the moment, and hence has huge potential to grow.

Once clear regulatory guidelines are in place, the

industry has the potential to touch Rs 64,500 crore in

by 2025, from a Rs 7,200 crore size now, felt industry experts here.

Talking at sidelines of the Federation of Indian Chambers of Commerce and Industry (FICCI), Rajandeep Singh, manager, strategy, strategy & operations, management consulting,

said that countries with a thriving direct selling market, have direct selling market to

 

 

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