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The slide includes a source citation and a Walt Disney quote.Herbalife, Ltd. (HLF) · William Ackman
Activist deck Activist investor 1 hit
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Slide 1
Includes legal citation for pyramid scheme precedent (In re Koscot Interplanetary, Inc.).Herbalife, Ltd. (HLF) · Pershing Square Capital Management
Research note Activist investor 1 hit
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This slide is part of a Pershing Square presentation (Bill Ackman's short thesis on Herbalife).Herbalife, Ltd. (HLF) · Pershing Square Capital Management
Research note Activist investor Beat · Problem & Complication1 hit
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This is a research note from Pershing Square Capital Management regarding Herbalife.Herbalife, Ltd. (HLF) · Pershing Square Capital Management
Research note Activist investor Beat · Problem & Complication1 hit
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This is a text-heavy research note slide from a Pershing Square presentation on Herbalife.Herbalife, Ltd. (HLF) · Pershing Square Capital Management
Research note Activist investor Beat · Expose Contradiction1 hit
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This is a research note page from a Pershing Square presentation, likely part of their short thesis on Herbalife.Herbalife, Ltd. (HLF) · Pershing Square Capital Management
Research note Activist investor Beat · Expose Contradiction1 hit
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The slide uses a 'villain critique' style to frame Herbalife's lack of data collection as evidence of a pyramid scheme.Herbalife, Ltd. (HLF) · Pershing Square Capital Management
Research note Activist investor Beat · Expose Contradiction1 hit
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This is a text-heavy research note slide from a Pershing Square presentation on Herbalife.Herbalife, Ltd. (HLF) · Pershing Square Capital Management
Research note Activist investor Beat · Expose Contradiction1 hit
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This is a research note from Pershing Square Capital Management regarding Herbalife. It uses legal precedents and specific examples to build a case for deceptive business practices.Herbalife, Ltd. (HLF) · Pershing Square Capital Management
Research note Activist investor Beat · Preempt Rebuttal1 hit
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This is a page from a Pershing Square research note criticizing Herbalife's business model.Herbalife, Ltd. (HLF) · Pershing Square Capital Management
Research note Activist investor Beat · Preempt Rebuttal1 hit
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The slide uses legal precedents and court rulings to build a case against the company's business model.Herbalife, Ltd. (HLF) · Pershing Square Capital Management
Research note Activist investor Beat · Preempt Rebuttal1 hit
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The slide uses legal precedent (In re Koscot Interplanetary, Inc.) to define market saturation as a key indicator of a pyramid scheme.Herbalife, Ltd. (HLF) · Pershing Square Capital Management
Research note Activist investor Beat · Evidence1 hit
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The slide uses a comparison to Tupperware to highlight the extreme concentration of wealth in Herbalife's model.Herbalife, Ltd. (HLF) · Pershing Square Capital Management
Research note Activist investor Beat · Evidence1 hit
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This slide serves as a qualitative argument against the company, focusing on human impact rather than financial metrics.Herbalife, Ltd. (HLF) · Pershing Square Capital Management
Research note Activist investor 1 hit
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Page number 14 included in footer.Herbalife, Ltd. (HLF) · Pershing Square Capital Management
Research note Activist investor 1 hit
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J.C. Penney Company, Inc. (JCP)J.C. Penney Company, Inc. (JCP) · William Ackman
Conference presentation Activist investor Beat · Agitate1 hit
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J.C. Penney Company, Inc. (JCP)J.C. Penney Company, Inc. (JCP) · William Ackman
Conference presentation Activist investor Beat · Solution1 hit
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The slide uses a 2x2 layout to contrast the new model's operational details and advantages with visual examples of existing and planned store designs.J.C. Penney Company, Inc. (JCP) · William Ackman
Conference presentation Activist investor Beat · Solution1 hit
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The chart uses a qualitative line graph to illustrate a business turnaround strategy.J.C. Penney Company, Inc. (JCP) · William Ackman
Conference presentation Activist investor Beat · Solution1 hit
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The slide uses a bar chart to compare operational efficiency between two retailers.J.C. Penney Company, Inc. (JCP) · William Ackman
Conference presentation Activist investor Beat · Solution1 hit
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J.C. Penney Company, Inc. (JCP)J.C. Penney Company, Inc. (JCP) · William Ackman
Conference presentation Activist investor Beat · Solution1 hit
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The chart uses a grouped bar format to compare annual EBIT (dark blue) against a constant cost opportunity (green) across four years.J.C. Penney Company, Inc. (JCP) · William Ackman
Conference presentation Activist investor Beat · Solution1 hit
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The slide uses a 'problem-solution' structure, identifying specific cost and cultural inefficiencies followed by illustrative initiatives to address them.J.C. Penney Company, Inc. (JCP) · William Ackman
Conference presentation Activist investor Beat · Solution1 hit
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J.C. Penney Company, Inc. (JCP)J.C. Penney Company, Inc. (JCP) · William Ackman
Conference presentation Activist investor Beat · Solution1 hit
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The slide uses color-coded headers to categorize performance updates.J.C. Penney Company, Inc. (JCP) · William Ackman
Conference presentation Activist investor Beat · Business Model1 hit
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The slide uses a bottom-up P&L build to justify a future earnings target.J.C. Penney Company, Inc. (JCP) · William Ackman
Conference presentation Activist investor Beat · Business Model1 hit
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EPS dilution assumes $50/share; excludes real estate, other, qualified pension expense, $230mm interest expense, and 37% tax rate.J.C. Penney Company, Inc. (JCP) · William Ackman
Conference presentation Activist investor Beat · Business Model1 hit
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The chart uses a waterfall structure to show how incremental operational improvements (cost saves, sales lift, margin expansion) build up to a higher EPS, which is then multiplied by a valuation multiple to derive a stock price.J.C. Penney Company, Inc. (JCP) · William Ackman
Conference presentation Activist investor Beat · Business Model1 hit
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J.C. Penney Company, Inc. (JCP)J.C. Penney Company, Inc. (JCP) · William Ackman
Conference presentation Activist investor Beat · Business Model1 hit
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The slide uses a visual split to contrast industry peers with JCPenney's 'Old' vs 'New' branding and cost structure.J.C. Penney Company, Inc. (JCP) · William Ackman
Conference presentation Activist investor Beat · Business Model1 hit