It appears Cramer just abandoned those Herbalife longs again including those that purchased their shares based on his recommendation to join his hedge fund buddies that are short Herbalife. Cramer claimed that he couldn’t recommend Herbalife based upon a decision made over 4 years ago by Herbalife to not fight a legal battle with Barry Minkow, a convicted felon which his fellow CNBC reporter Greenberg brought to his attention and discusses in his article, “Why Did Herbalife Pay Felon Barry Minkow $300,000?: Greenberg”. I have fully explained sport tights, in the following linked article, why Herbalife made the decisions they made surrounding this issue and have emailed this information to both Cramer and Greenberg with no change or response by either of them “”Response To Greenberg: Reasons Why Herbalife Paid Felon Barry Minkow $300,000”.
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