Outspoken hedge fund manager Daniel Loeb, the founder of Third Point LLC, has left another taunting message on his Bloomberg terminal MSG9 (“message 9”) line. [via ZeroHedge]
“Never interfere with an enemy when he is in the process of destroying himself.”
Hmm…Wonder who that’s directed toward?
A couple of weeks ago, Loeb left a message targeted at ex-friend Bill Ackman.
“New HLF product: The Herbalife Enema, administered by Uncle Carl.”
Ackman has continued to make headlines for his two huge disastrous bets on JCPenney and Herbalife.
Weeks after Ackman publicly announced he’s shorting $US1 billion worth of Herbalife, Loeb snapped up a sizeable long position. He exited that stake for a profit.
Loeb also reportedly shorted JCPenney.
Ackman, who if JCPenney’s top shareholder, has been a big cheerleader for the struggling retailer. Since September 28, 2010, the date of his initial 13D regulatory filing on JCPenney, shares of the retailer have tumbled more than 47%.
Last week, he was firing off long letters to the board demanding that they find a new CEO to replace interim CEO Mike Ullman.
He also reportedly threatened to sell his stake in JCPenney if the board doesn’t find a new chief executive.