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Take that, Bill Ackman.
February 19, 2014
By: TOM BRANNA
Editor
Pity Bill Ackman. The billionaire hedge fund investor who has accused Herbalife Ltd of being a pyramid scheme, is facing more losses in his short bet as the nutrition company raised its forecast for the first quarter of 2014 on strong sales growth in China. Herbalife's China sales rose more than 120% in the fourth quarter of 2013, the fastest of any region worldwide, prompting the firm to estimate adjusted profit of $1.25 to $1.29 per share in the first quarter this year. It had earlier fo...
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