RECEIPT #BILL-A
JUN 03, 2015
PREDICTION BY
Bill Ackman“Herbalife will implode "no later than March of 2016" when its "debt comes due."”
FOLLOW-UP
Herbalife did not implode by March 2016. It restructured debt and settled with the FTC, and its stock rose, leading to significant losses for Ackman's short position, which he closed in 2018. The company did face regulatory scrutiny and a large settlement, indicating some accuracy in the 'fraud' claims, but not total 'implosion'.
ORIGINAL SOURCE
Observer