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...
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One of the most prominent investors in the Hedge Fund industry, Daniel Loeb was interviewed on CNBC today and discussed some of his various investments.  At T&T Capital Management, we also took advantage of the sell-off in Herbalife but I just wish we would have invested considerably more capital into the position.  Loeb’s shareholder letters...
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