Bill Ackman

Herbalife will be gone (its stock collapsing to zero) by mid-January 2016.

“I’d be surprised if it’s not gone within a year”

Said on

12 January 2015 · Interview (reported by Reuters) on his short position against Herbalife

Source

Ackman renews attacks on Herbalife, says it will be gone within a year · Fortune (Reuters)

Should come true

Jan 2016

How sure they sounded

I'd be surprised if it's not

Categories

Markets

Importance

2 of 5 · Fate of a large listed multilevel-marketing company and Wall Street's most famous short bet

Outcome

Inaccurate

Herbalife was not gone by January 2016: it kept operating and its stock stayed well above zero. Ackman later closed his entire short position in early 2018 at a loss, and the company remains NYSE-listed.

Evidence:

• https://money.cnn.com/2018/03/01/investing/herbalife-bill-ackman-carl-icahn/index.html
• https://en.wikipedia.org/wiki/Herbalife