Billionaire Dan Loeb and Insiders Are Bullish on These Stocks: Herbalife Ltd. (HLF), Apple Inc. (AAPL)

Bill Ackman’s short campaign against Herbalife has done quite the damage to its stock, and it’s worth noting that since Dan Loeb took a bullish stance on the company in early January, it has still lost close to 7% of its value. Trading at a PEG of 0.6 and a mere 7.7 times forward earnings, shares of Herbalife are clearly cheap, though the company’s battle with Ackman persists.

Director Robert Iger’s purchases of Apple Inc. (NASDAQ:AAPL) stock, meanwhile, have not worked out the way he likely wanted, but Cupertino’s stock price is trading at undervalued multiples nearly across the board. Depressed metrics are enough for value-seekers to feel confident buying into Apple at these levels, but it’s also within the realm of possibility that income-oriented investors can be driven into the stock with a dividend boost or a strengthened repurchase plan. Notable hedge fund manager David Einhorn is pushing for more value-creation, and it appears as though Apple Inc. (NASDAQ:AAPL)’s “secret” hedge fund may be preparing for such a move.

Disclosure: I hold no positions in any of the stocks mentioned above