Gasparino: Herbalife Plans Update on Stock Buyback
FBN's Charlie Gasparino breaks down the latest on Herbalife.
- Duration 5:37
- Date Feb 19, 2013
FBN's Charlie Gasparino breaks down the latest on Herbalife.
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Right so what should investors expect to hear about Herbalife today the company releases fourth quarter earnings after the bell -- that Reno is here with the latest stop -- continues.
-- today if the rebellion at the earnings report and get ten K tomorrow I think the public school conference call tomorrow to rubber meets the road we hear from.
CEO of Herbalife and this is what I hear is coming police out of the company they have a very carefully scripted.
Conference call with investors now why is that I mean as you know we got a short -- bill -- Raising a lot of the heat on the company based -- -- it's apparently -- mom went and the other end last week pretty big news Carl Icahn continent 13% stake in the company.
Thinks it has long term value and I would say one thing about about Carl Icahn's stake in this company if you look at it.
People -- people do about it -- -- knew was coming right tonight before read the night before he went public with the that he did some he did some TV shows.
When he started talking about the company shares went down.
Was very agency that before disclose that spike in the stock today that they expect that -- -- last Friday when he started talking about shares of Herbalife went down.
This is kind of interesting part of this battle people are really questioning.
Where -- -- with a Carl Icahn knows anything about this company aware that this is just his out of -- Long stated animus and act Blackmun the short -- of -- we know we know tomorrow Michael Johnson the CEO of Herbalife is going to be on the call -- going to be heavily scripted.
I think they want to keep them on message they've apparently.
At least they need to body language coming out of company officials is that's going to be pretty good earnings at the -- announced after the bell.
We do know that acting is gonna scour that ten K that's the that's the that's been report he's gonna look at it he's gonna check it out for any inconsistencies.
I know that for a fact source close act until the Fox Business Network.
Watch for him putting out a statement tomorrow morning to sort of upset they're a little party when when when mr.
Johnson gives talks to analysts it's going to be really interesting I guess -- he is heavily scripted he's on the guard.
You know we interview does Walsh what though it was a pretty good spokesman for the firm yeah I hear couple weeks ago it was funny -- If you noticed -- black and give a speech or gave gave some commentary he mentioned are migraine with him.
Which was carried by the of the business that works much to their dismay I'm sure.
Look for this thing look for him to throw a little bit of a monkey wrench and look for them.
Because Michael Johnson is in -- smooth as as as -- does walks -- -- -- -- was pretty good it was pretty much on message.
Michael Walsh to CEO is generally not -- my things a bit CEO.
Two different skill -- he's not good in presenting the company's line sometimes seems books just to -- just doesn't seem right.
Outlook for them to heavily Coach and don't be rattled by anything act when does the secretary act when will be looking.
At that ten K I'm sure he's narrowly defined to come by trying to find something admit that he can -- Johnson and you know and what is that you don't you think about it.
I think what -- -- shorting the stock at fifty.
Right had I camera with that chart set up -- in the forties -- still make money.
-- still he's the least aware of the stock has come back when -- twenty.
But it's still at the point where he still at this guy is a guy that stays long for -- along to stay short for a long time there's a Fiat already.
It's it's initiatives.
You really believe that icon is purely because of his beef with Ackermann has jumped into the fray here rather than his belief -- -- I I heard I heard -- speak.
The -- next they did not -- on this -- -- channel -- I would conduct the interview differently.
But maybe that's what you'll come up with me credit have -- -- but I eating convince me that -- I mean listen I I don't have a horse in this race.
I do know bill actually is generally is that you know perfect in this -- but.
You know we when he sees something he's he he he does -- -- be as a good no lose lure BS.
He doesn't like a lot of stuff come as company and when I listen to Carl.
He did not sell he sounded like he did not understand the company's business model he sounded to me that he was in -- to -- group elect me because he hates him over.
-- prior business dealings with him don't have the time to go into here they just they obviously despite -- played out what happened several us.
-- You know I don't know I mean you know I -- behind us this it.
And today's -- came in -- answered every question generally a frauds don't do that right.
You know you know you could call -- at DIA wasn't quite a fraud but if you went down to almost nothing about.
And I will say this you know throwing around those terms you know Blackmun is a pretty careful guy.
And I still don't get how you have a business model of a multi gazillion dollar multi billion dollar company.
Based on selling protein shakes it just.
As someone who work satellite which does those things down.
It's I I just don't know but maybe I'm wrong about what -- know that that's what's great about the story having I don't but I have a horse I get to stay at -- black and record.
People at Herbalife would come back -- -- act but has not done so well with retailers.
It right he did the as he long JC -- I believe -- not a great investment he's screwed up on his retail investment so.
Maybe they're right he's got in general life obviously -- a retail.
So there that's both sides Fairbanks a guy's gonna be out of this story I'm sure our -- -- at -- conference call tomorrow morning.
That's risk really I'm not -- -- value strategic soon.
China is it worth.
But -- resilient what is the market cap and content big fat huge.
It's -- bullish day.