A man from Cincinnati took out an ad in the New York Times telling hedge fund titan Bill Ackman to “get a life.”
Here’s a copy that’s being passed around on Twitter:
— Justin Rohrlich (@chickenalaking) January 24, 2013
Ackman, who runs $12 billion Pershing Square Capital Management, is shorting Herbalife, a multi-level marketing firm that sells nutrition products. He believes the company is a pyramid scheme and has a price target of zero.
The activist investor has pledged to donate 100% of his personal profits he makes from the short to charity.
Herbalife’s stock is currently above the pre-Ackman short level.
Since December 18, the trading session before Ackman confirmed his short, Herbalife’s stock is up about 1.2%. The stock touched a 52-week low of $24.24 on December 24th.
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