Herbalife finally received notification that its re-audit went fine and very few changes were made to the last several years financial statements. Carl Icahn has made a fortune on the stock, buying after it had plummeted following the bear-raid from Bill Ackman. At TTCM we had bullish positions on Herbalife but they were too small and we got out too early unfortunately, but we certainly did emerge profitable as well. Icahn and Bill Stiritz are the two most notable bulls on the stock and add tremendous credibility. I don’t believe that an LBO is very likely as the price has increase substantially but if the company can continue at its growth rate, there is still reasonable upside.