Bill Ackman's Ahab Moment

Nearly a year after his infamous attack on Herbalife (HLF), Pershing Square Capital Management's Bill Ackman is at it again.

At Friday's Robin Hood Investors conference, he sounded rather like Herman Melville's Captain Ahab. "We're going to take this to the end of the earth," said Ackman, having already sustained a $500 million loss. Realizing that Ackman had no new harpoon to wield at the multi-level marketing giant, Herbalife shares shot higher, rising nearly 5% to $71.65, closing at a three-week high....457 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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