Not judging Herbalife, but some data sources are less reliable than others. (Pershing Square = Bill Ackerman = billion+ short on Hebalife)
http://www.nytimes.com/2014/03/10/business/staking-1-billion...
http://www.nytimes.com/2014/03/10/business/staking-1-billion...
> In Washington, Mr. Ackman’s efforts bore fruit on Jan. 23, when Mr. Markey’s office, which Mr. Ackman had lobbied himself and which had been provided with detailed information about Herbalife by Mr. Ackman’s team, sent letters to the S.E.C. and F.T.C., calling for investigations of the company. A little more than a half-hour after the stock began trading that day its value fell by 14 percent.
You could say that Ackerman sincerely believes the company is bad and is pursuing this for the greater good. The $1 billion is just putting his money where his mouth is. And his mouth just happens to be near a Senator's ear....
http://www.cnbc.com/id/100953220
"Ackman was the primary engineer and architect of recruiting Ron Johnson to the company, and he and Ron Johnson pulled off this strategy that has fractured the company and ruined the lives of thousands of J.C. Penney employees and fractured shareholder value," Howard Schultz, CEO and Founder of Starbucks and JCP Board Member