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FBN’s Charlie Gasparino on Pershing Square Capital’s Bill Ackman citing a FOX Business interview with Herbalife President Des Walsh in his battle ...
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We got some breaking -- hedge fund investor bill accurate in his shorting of Herbalife fox business' Charlie Gasparino has been following this story now Charlie.
You have become the story.
Yeah I mean it's kind of interest in he was speaking at the are the arbor investment conference he helps put -- -- -- -- -- Morgan.
He's one of the chairman of the conference they told about a number of issues.
Including him they waited for his speeches at the end the day right knew he was gonna come out talk about Herbalife.
He did it was the attack vulnerable I think you'd expect memories are short seller he says Herbalife is -- -- is -- pyramid scheme.
What was interesting about this is that he used a speech an interview.
As to prove it was that that there are ducking his questions and interview that we did here on the fox into the Fox Business -- -- that I did with Dennis Walsh.
-- -- read the transcript of the interview where we essentially talked about.
I just as Walsh will you answer all the questions of bill -- puts -- because we knew what the time.
That they would have Blackmun was gonna put questions to them a bunch of questions about their business model.
And as Walsh you know danced around the issue buddy basically said -- be -- happy to answer any legitimate questions from act when.
What -- say that this conference is to date.
None of his questions have been answered so -- have for this is a victory lap to say.
Fox Business makes a little news here the second half is is that there's a there's a legitimate story here according to -- -- -- issue -- -- has -- -- fight to the death between does Wallace who heads up Herbalife he's the president president -- right fighting -- -- act in an activist investor and short seller who has compound instead unequivocally.
It's a seamless is a -- this is a house of cards investors get out New York shorting this.
He's put a tremendous amount of pressure it's now become this battle back and forth between these two entities right is this a real business or not now you are right in the middle of that with your reporting right and I I will say this.
You know I just want people to -- out there I mean thanks to bill it.
Meant to be I mean I I cover this like baseball I have no worse -- this this gave people -- I will -- -- we are waiting for a response from Herbalife they were supposed to have one in the can we reported that earlier today she would they have to say.
And I will say this -- I think there's Walsh if I had him here sitting in your chair and say OK you -- -- answer any legitimate questions from distracted.
He would probably turn around saying we don't believe -- questions a legitimate.
Now the ball is really in -- court has once again this is bill that actually Indian going out and standing on his platform saying where are the -- you know the stock is stuck at about thirty else should we showed -- chart if we get -- it went as high as forty.
Well without as disclosed -- -- member from from the forties.
It went to -- -- 42 it's come down a lot.
Since then and it's in this sort of nowhere land we got half I think have people -- of people laundry and they're still waiting for more evidence that the stock move on his speech.
It looks like that last chart of caveats it looked like it was taking a hit -- okay so you know I think the notion that you don't answer questions.
You know like the very you know obvious questions.
At least that's -- the market's saying and it didn't know they don't like that but that this that this is gonna play out I tell long term investors.
You know this is not a stock you really wanna be yeah if you want to play around.
We want to trade.
You know.
Have while traders looking for daily action or deepened as long term and I asked Charlie Brady terrify -- Charlie Brady.
-- I -- pretty good for you thanks can't.
