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A quick thank you to Bill Ackman 17 Aug 2013 | 01:35 pm
My visit to a Herbalife club in Queens inspired me. If those guys could lose weight on a protein shake meal replacement diet so could I. So I started mostly with local Australian brand products (but ...
The distinctly cooler Mr Hempton is the Odd Man Out 16 Aug 2013 | 03:46 pm
Nick Hempton (far cooler than your blogger) has a new recording out: This time he is paired up (for four tracks anyway) with the great Michael Dease on trombone. I won't repeat the expletives of thi...
Strange stock assessment from a value investor I kind of admire: a note on the transition of Apple into a "value stock" 13 Aug 2013 | 09:03 am
In my email today I received a missive from a value investor I kind of admire - a peon to the value in Apple shares. To quote: My mother-in-law had an Android tablet, and it quickly turned into an ex...
The bad guys won one this time... 3 Aug 2013 | 10:44 pm
Jeff Matthews has a funny blog post about how someone bought call options over 760 thousand shares of Booz Allen Hamilton (NYSE:BAH). The strike price for these options was $20. This is an enormous t...
A little Herbalife red-herring 2 Aug 2013 | 03:12 am
Here - linked - and from the SEC's Edgar database is the original Herbalife IPO prospectus. This document was filed on 1 October 2004. Remember back then. George Bush was President yet to win his sec...
Herbalife is addressing Bill Ackman's concerns... 30 Jul 2013 | 06:54 am
Bill Ackman spent eight pages of his presentation (100 to 107 inclusive) covering the issue of shipping surcharges. His argument was that the retail margins were misstated because customers had to pas...
Bronte is hiring - a follow up... 28 Jul 2013 | 12:00 pm
As many know - Bronte Capital - the asset manager - has advertised for their first employee. I have gone through my email fairly carefully and I should have replied to every single application althou...
Good and bad MLMs: Pampered Chef, Herbalife and Nuskin 26 Jul 2013 | 11:36 am
Aalaya Walker (Florida - Aged 18) was shot (but only slightly injured) when she pre-heated her friend's oven. She was wanting to make waffles. Her friend, who obviously did not cook much, kept the am...
An incomparable business opportunity allowing men and women to build a home based business of their own... 25 Jul 2013 | 09:30 am
Herbalife is regularly criticized for selling the "business opportunity" rather than nutrition products. Indeed Bill Ackman (Herbalife's loudest critic) has used the following statements as evidence t...
Multi-level-marketing schemes and their distributors: notes on disappointed distributors at Herbalife and elsewhere... 25 Jul 2013 | 12:49 am
When I was in my twenties I lived in outer North-Western Sydney for a year - mostly around Kurrajong. Multi-level marketing schemes were part of the environment - but two stood out: Amway and Avon. A...
