Cramer Quick Take: Stay Away From Herbalife
NEW YORK (TheStreet) -- Investors need to steer clear of Herbalife (HLF) now that two prominent hedge fund managers are taking sides on whether the company is legitimate.Jim Cramer told Lindsey Bell at TheStreet.com Thursday that with so many moving parts, individual investors will be blindsided and will get hurt as this saga plays out.
Cramer said he's interviewed Herbalife CEO Michael Johnson several times and the company always seems to make its numbers. But in the end, Cramer said, the government will need to determine what is and what isn't a Ponzi scheme, and that definition could be a long time coming.
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-- Written by Scott Rutt in Washington.
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