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Short-seller Chanos: Herbalife 'not viable' long-term - CNBC
April 24, 2013 / 5:12 PM / 5 years ago

Short-seller Chanos: Herbalife 'not viable' long-term - CNBC

NEW YORK, April 24 (Reuters) - Well-known short-seller James Chanos, the president and founder of New York-based Kynikos Associates, told CNBC on Wednesday that nutritional supplement company Herbalife is “not a viable business long-term.”

Chanos, who had a short position in Herbalife in 2012 and closed out position in the fourth quarter, said the “multi-level marketing model is flawed.”

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