Bill Ackman's Campaign To Short Herbalife Hasn't Even Begun Yet

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The last two years were just a warm-up.

The cost of maintaining a position in options that profit from a drop in Herbalife shares has declined “substantially” since Herbalife canceled its dividend, Ackman said in his quarterly letter to investors dated today. Most of the over-the-counter contracts Pershing currently holds will expire next year. “We will extend their terms by paying additional premiums if it is necessary to do so,” Ackman wrote in the letter, which was obtained by Bloomberg News.

Ackman Says Pershing Will Extend Herbalife Short Bet If Needed [Bloomberg]

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