Hum.. Seems Ackman hasn't covered his shorts on Herbalife.

(Un-Freaking Believable)

I'm betting Ackman is gonna get creamed on this deal.

This is really amazing ....

The Real Reason Bill Ackman's Herbalife Short Could End In Disaster

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I was just on CNBC talking about Herbalife. Nervous as they come and was propped the wrong way by the sound guy (and hence never looked at Herb Greenberg who interviewed me).

But here is the quick summary.

I agreed with Bill Ackman that Herbalife is mostly about ripping off distributors and people at the end of the chain. The product is more than twice as expensive as competitor shakes. I called Herbalife "scumbags".

But they are highly cash flow positive scumbags and they will use the cash flow to buy back shares. Over the past five years the share count has gone from 140 million to 108 million and will fall further.

They are scumbags then - but they are scumbags working for stock market investors.

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