ClaimsBill Ackman

“we underestimated Herbalife’s ability to access debt capital and use financial engineering which – coupled with Mr. Icahn’s share purchases to materially reduce the company’s free float – has driven share price appreciation.”

Bill Ackman, Pershing Square investment manager's report 2018 Annual Report Year Ended December 31, 2017 - Letter (Pershing Square Holdings) archived copy

Factual Economics and markets

Herbalife's use of debt capital and financial engineering, together with Mr. Icahn's share purchases reducing the free float, drove its share price appreciation.

Unresolvable The public record could not settle it.

Factual: Statements about the present or the past, checked against the record: did they hold up?

Said for an organisation they lead or work for; it counts on both records.

Reasoning

Causal attribution of the share price rise is contested opinion.

Cite this claim

Bill Ackman, “Herbalife's use of debt capital and financial engineering, together with Mr. Icahn's share purchases reducing the free float, drove its share price appreciation.” (said 2018). Verdict: unresolvable. Reliability API, claim c_ad5f98fda24b, method 0.1.0+c876030c, dataset release v1.1.2. https://epistacklabs.com/claims/c_ad5f98fda24b

This claim is in dataset release v1.1.2, with the same verdict.

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All of them

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