Herbalife report for the second quarter.
Sales down, stock goes up.
It would not usually be the case… where a company tells the public the sales are expected to go down this year, and the stock price increases significantly on the news that sales did go down.
Herbalife scenario is a complex though.
Bill Ackman’s short. Carl Icahn’s long. Government Investigations. Local protests. FBI and SEC looking at insider trading. Herbalife hiring top guns. Bill Ackman’s $50 Million in Research trying to document Herbalife is a pyramid.
If you’re new to this conversation, catch up.
There’s an interesting article about Herbalife and the stocks on the second quarter reportings.
Read the details courtesy of Market Watch .com