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Friday, January 11, 2013

$HLF Poised to Bounce BACK: Hedge Fund Manager

$HLF Poised to Bounce BACK

Adrangi, however, said that the company's 20 percent annual revenue growth made the stock attractive.

Herbalife shares closed at $39.24, down 1.7 percent.

On "Fast Money," Adrangi, who entered a long position in the stock at $26 per share, said that there were "flaws with the thesis" and said that the stock was "poised to bounce back."

"At the end of the day, it's sort of Ackman against the world," he added.

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