“Ackman’s essentially fired nuclear missiles at (Herbalife’s) business model and its legality. When (and not ‘if’) HLF’s regulators and distributors essentially blow off Ackman’s claims as either old or no news, HLF will for all intents/purposes become bulletproof and battle tested.” Robert Chapman, founder of Chapman Capital in Los Angeles, in an investor letter explaining why he made a “monster long bet” on Herbalife after Bill Ackman’s Dec.
