Jordan Peixoto, friend/insider trading bud of worst roommate ever Filip Szymik, is ready to argue that the SEC’s administrative proceedings against him for insider trading, in Herbalife, are a violation of all of the U.S. Constitutional rights he learned about in Canadian civics classes. Read more »
10. Leaves dishes in the sink.
9. Fills DVR with Diners, Drive Ins and Dives and “Save All Episodes” option
8. Brings back strange men he/she met on the corner 5 minutes earlier.
7. Is late with the rent.
6. Eats your food.
5. Leaves Post-it notes on the bathroom mirror that read “Should I deduct $0.75 from your portion of the rent for the shampoo you used this morning?”
4. Repeatedly asks you if your girlfriend is single.
3. Invites the cast of Stomp over for a nightcap when you’ve got a big presentation in the morning.
2. Tells your mother she looks great and asks if she’s had work done since she last visited.
1. Trades on material non-public information you mentioned in passing and in confidence. Read more »
Remember, last week, when Bill Ackman gave a presentation about Herbalife, the company he is shorting? And the day prior, went on CNBC to announce the event, telling viewers they would learn “why Herbalife is going to collapse”? And described the presentation as “the most important” one of his career? And back at Pershing Square, told his advisors “fuck the webcast, I want to look into people’s eyes,” upgrading the talk to a live show at the AXA building in midtown? And made the case that, despite having spent hundreds of hours publicly excoriating Herbalife already, this was the event that people needed to see? And noted that he was “raising expectations” but “would not disappoint”? He realizes now it’s possible he should’ve dialed down the enthusiasm just a bit. Read more »
The day the Feds start listening to Ackman and shut down Herbalife will surely take the cake, but until then, this will have to do: Read more »
A question that many have asked themselves and others since Bill Ackman announced he was shorting shake and supplement company Herbalife is, “Okay, but for how long? When does it end?” The Pershing Square founder and his team could very well be right in classifying the organization as a pyramid scheme, but central to their argument is that the government is going to shut this thing down, and that might not happen. Will Pershing keep its position forever? Long after Bill retires and for many years after that? Will CEO Michael Johnson ever be free from this man who haunts his dreams or will Ackman always be there, watching, waiting? In an interview yesterday, the most passionate hedge fund manager to ever live said basically yes to the latter. Read more »
As you’ve probably heard by now, Bill Ackman gave a little presentation yesterday, on his favorite supplement and diet shakes company, Herbalife. Prior to the event, the Pershing Square founder appeared on CNBC hyping up the thing so hard that he came extremely close to promising video of CEO Michael Johnson threatening to fire employees who refused to snort lethal dosages of Formula 1 Healthy Nutritional Shake Mix (Wild Berry flavor) up their noses. So when the presentation failed to deliver, the disappointment across Wall Street was palpable. Pershing Square investors, however, know a good thing when they see it, and are unfazed. Read more »