According to Bill Ackman, all the current bullishness on Herbalife is from ONE guy's speculation that Herbalife will raise a bunch of corporate bonds at cheap interest rates, and use that money to buy back stocks, thus forcing the prices higher.
Ackman calculated the chances of that actually happening to be near zero. I don't have time or expertise to check his math and reasoning without further research, but I wouldn't dismiss his explanation without regard either.
Read why Ackman is still shorting Herbalife:
http://www.valuewalk.com/2013/10/bill-ackman-herbalife-j-c-penney/
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