Carl Icahn

Carl Icahn

Last Update: 05-15-2015

Number of Stocks: 21
Number of New Stocks: 0

Total Value: $32,052 Mil
Q/Q Turnover: 1%

Countries: USA
Details: Top Buys | Top Sales | Top Holdings  Embed:

Carl Icahn Watch

  • Navistar Might Be Worth Watching For Investors

    There are some fairly pervasive concerns for investors in 2015. China has been slowing so the effects and extent of government stimulus are being scrutinized. There is also difficulty in Europe, which has recently launched its own version of quantitative easing. Further, the United States dollar has been rapidly strengthening against virtually all other currencies making the products of the biggest companies more expensive to their consumers. With all these things in mind, success could potentially be found in a corporation with little exposure to the specified issues.


    Meanwhile, the domestic economy is doing well by several measures. We have improving employment data and a net benefit from lower fuel prices. A widely quoted survey from the National Association of Business Economics forecasts 3.1% economic expansion in 2015, literally powering the rest of the world. Also, while there has been an ongoing expectation of an interest rate hike from the Federal Reserve, any such action appears to have been delayed. Hence there is reason to believe that some cyclical businesses are poised to do well.

      


  • A Look at Carl Icahn's investment in Manitowoc

    Billionaire investor Carl Icahn (Trades, Portfolio) is known for his activist campaigns. Last quarter, he bought Manitowoc's (MTW) shares with intention to force management to spin-off the company's Food Service equipment business. He also added more shares to his position in January and currently holds 10,582,660 shares of Manitowoc. The company recently agreed to his demand to split the company. Here's a look at the company's business in detail.


    Business overview

      


  • Carl Icahn Raises Stakes in HTZ, IEP and New Buy MTW

    Carl Icahn (Trades, Portfolio) of Icahn Capital Management LP recently increased his stakes in three positions, while also adding a new position to his portfolio of 27 stocks, valued at $31.89 billion and a quarter over quarter turnover rate of 2%.


    Here's a look at his latest additions:

      


  • Herbalife's Faceoff Against Financial Market Coup

    Globally known MLM based healthcare product maker Herbalife (HLF) has some major players in finance betting against the company due to its controversial practices. Ever since the US dollar had been gaining in strength since November 2014 versus other major currencies, and also the news of pending probes against the company coming to light, the stock seems to be going downhill. After Herbalife had posted its below-expected earning of Q3 2014, analysts like Timothy Ramey of Pivotal Research Group, has come down heavily to cut down on estimates of the stock price, from $110 to $75. The EPS estimates have been cropped as well, going from $1.34 to $1.22, alongside the 2015 full-year estimates, going down from $5.50 to $5.00. The net income from Q3 2014 went down by as much as 92%, owing to the pre-tax charges it faces from the reassessment of audit of assets and liabilities in the Venezuelan Bolivar. In short, there are problems all around.


      


  • A Publicly Traded Unicorn Maker: Spectral Capital Corp (OTCMKTS:FCCN)

    A "unicorn" in venture capital parlance is a $1 billion company, and a publicly-traded incubator that hopes to grow the next unicorn is Spectral Capital Corp (OTCMKTS:FCCN). Spectral Capital is a startup incubator that invests in fast-growth technology companies, similar to famous venture capital firms like Andreessen Horowitz, Sequoia, Venrock, Accel and Greylock. Spectral Capital invests in founders and helps them rapidly test, deploy and refine their services while "incubating" under its care. Incubators provide capital and services to their incubating companies, often handling recruitment, technology, accounting and legal to jump-start their growth. Because shares of Spectral Capital are public (stock symbol "FCCN"), anyone is able to buy a portion of this incubator and benefit from its performance.


    Unicorns often achieve a $1 billion valuation within one year, e.g. Instagram, Uber, Slack and Twitch. Indeed, almost all modern unicorns are therefore born as private – not public – companies. This is a major change since the days of Google (GOOG), Amazon (AMZN) and AOL (AOL) – all of which became unicorns after going public.

      


  • Carl Icahn Comments on Apple, Sees Its Market Cap North of $1 Trillion

    On February 11, 2015 legendary investor Carl Icahn released a letter to his twitter followers discussing Apple, Inc.'s (AAPL) prospects. Apple is one of the biggest postitions in Carl Icahn (Trades, Portfolio)'s portfolio and Icahn has been a vocal activist shareholder of the company in the recent years. In yesterday's letter, Icahn has argued that the company's stock price could gain 84% from the current levels. His adjusted EPS forecast for FY2015 is $9.70. Since Apple is growing at a faster rate than S&P 500, he believes Apple should get higher P/E multiple than the broader markets. S&P 500 is trading at a P/E of 17x. According to Icahn, if one gives Apple's core business a P/E of 20x and adds back $22 cash per share, he/she will get a target price of $216 per share.


    Carl Icahn's detailed forecast for Apple's earnings can found here and here. Below is his complete letter (Source: Shareholder's square table).

      


  • Carl Icahn Writes Letter To His Twitter Followers Concerning Apple

    Dear Twitter Inc (NYSE:TWTR) Followers:


    We were pleased to hear Tim Cook yesterday state publicly: “By and large, my view is, for cash that we don’t need – with some level of buffer – we want to give it back [to shareholders]. It may come across that we are, but we’re not hoarders.” This position with respect to excess cash is great news for shareholders, and we look forward to the capital return program update in April, anticipating it will include a large increase to share repurchases.

      


  • Icahn's Letter on His Agreement With Manitowoc

    Carl Icahn (Trades, Portfolio) of Icahn Enterprises (IEP) has released an letter today that goes into detail about his agreement with Manitowoc and what they agreed to.


    Carl Icahn (Trades, Portfolio) Letter About Manitowc Agreement

      


  • Carl Icahn Pens A Letter Discussing His Settlement With The Manitowok Company

    New York, New York, February 9, 2015 – Today Carl Icahn released the following statement regarding The Manitowoc Company, Inc. ("Manitowoc"):


    Over the past month, we have had a number of meetings with representatives of Manitowoc (MTW) in which we have explained the merits of separating the company into two independent publicly traded companies. We have discussed at length our belief that having disparate, unrelated businesses trapped in a single company reduces value by, among other things, limiting the ability of those businesses to (A) attract top management, (B) engage in mergers and acquisitions and (C) be acquired themselves. We gave Manitowoc a myriad of examples where our involvement in separating such businesses resulted in a tremendous increase in shareholder value, such as the separation of Motorola into Motorola Mobility and Motorola Solutions (MSI). We have also spent significant time with Manitowoc's representatives discussing the importance of shareholder friendly corporate governance provisions, including having annual elections of directors.

      


  • Apple Should Do A Bigger Buyback

    Carl Icahn (Trades, Portfolio) of Icahn Enterprises (IEP) and his son Bret Icahn appeared on CNBC to discuss Apple (AAPL). Carl Icahn (Trades, Portfolio) made its clear that he is pleased with Apple and thinks that Tim Cook is doing a great job. During the interview Carl Icahn (Trades, Portfolio) said a short squeeze is now occurring in Apple and a bigger buyback should be done. He's pleased with Apple quarter, and he will revise guidance. Bret Icahn and his portfolio management partner David Schechter of Sargon Portfolio provide their perspective on Apple. David Schechter said that Apple strong quarter results has caused him to revise his model an that Apple to sell for higher valuation.


    Part 1

      


  • Ebay and Icahn New Standstill Agreement

    Since Carl Icahn (Trades, Portfolio) took a stake in Ebay (EBAY) his has been pressing the firm to spin-off paypal, change in the board room, and even a sale of the whole company. Icahn went after board members mainly Marc Andreessen who firm made massive profits from buying skpe from Ebay for $2.75 billion and selling its to Microsoft (MSFT) for over $8.0 billion. This back an forth between Icahn and Andreessen lead to Him and two other board members stepping down. Even after Ebay said it wont spin-off paypal over and over. When on to announce a spin-off after Apple (AAPL) announced Applepay. Ebay and Icahn throughout 2014 had two agreements between them that fell apart multiple times. Now a new standstill agreement has been announced with Icahn getting to board seats.


    Details of Ebay's and Icahn's Standstill Agreement

      


  • Carl Icahn Letter On His Standstill Agreement With Ebay

    Carl Icahn (Trades, Portfolio) Letter From Shareholder RoundTable


    “A GREAT STEP FORWARD FOR EBAY, FOR PAYPAL

      


  • Carl Icahn Ups Stake in Manitowoc Co

    Carl Icahn (Trades, Portfolio) reported Friday that he purchased more shares of a crane and foodservice company in which he began investing in December and which he planned to push for separating into two entities.


    Icahn added 50,000 shares to his holding of Manitowoc Co. (MTW), for a total stake comprising 10,582,660 shares, or 7.81% of the company’s outstanding shares.

      


  • Manitowoc Company: Carl Icahn's Next Target

    Manitowoc Company (MTW) has become Carl Icahn (Trades,Portfolio)'s next activist target, announcing on December 29, 2014, that he had taken a 7.77% stake in the company. Carl Icahn (Trades, Portfolio) said in his SEC filing that he believed that the firm is undervalued. He went on to say that Manitowoc should separate its two division into two separate companies to unlock value. He isn't the only activist investor to get involved. Relational Investors LLC has also disclosed an 8.52% stake in the firm and is seeking to separate the foodservice business into a separate company. With the company underperforming its peers and the market as a whole, it isn't shocking to see activist investors getting involved. Manitowoc has been operating its food service and crane divisions for over 70 years each. The last few years Manitowoc crane division has been underperforming an dragging down the company has a whole.


    Manitowoc history

      


  • Carl Icahn Buys Stake in Manitowoc Inc., Pushes for Breakup

    Carl Icahn (Trades, Portfolio) spent the weeks before Christmas revving up for his latest activist play, buying millions of shares and call options for Manitowoc Co. Inc. (MTW). The investor, who tells his Twitter followers he makes money “studying natural stupidity,” acquired 10,532,660 shares in aggregate, or 7.77% of the company, according to GuruFocus Real Time Picks.


    Icahn believed the shares were undervalued, he said in the SEC filing reporting the event. His price paid per share ranged from $16.83 to $19.30. The company’s shares surged 8.94%, or $1.87 per share, on Monday as news of Icahn’s stake surfaced. They closed at $22.79 each on Monday.

      


  • Donald Trump Sold all his Stock...Should We?

    When David Rubenstein, Philanthropist Co-Founder and Co-CEO of the The Carlyle Group, one of the most successful private equity firms in the world interviews Donald Trump, the most successful celebrity real estate developer, entrepreneur, and golf promoter, we should pay attention.


    Hosted at the Economic Club of Washington D.C. December 15, 2014, Trump spoke about running for president, utilizing bankruptcy as a business tool, and the economy. He provided candid advice on business including comments on selling his entire stock holdings. Based on GuruFocus'sStock Market "Significantly Overvalued" calculation, Trump's selling might be appropriate.

      


  • Carl Icahn Sees Opportunities in the Oil Sector

    Being stubborn turned Carl Icahn (Trades, Portfolio) into a man worth $23 billion.


    First, he finds something he’s certain of. Right now, he says that’s the near-doubling of Apple Inc.’s (AAPL) stock price.

      


  • 2013’s Guru of the Year – Carl Icahn’s Top 5 Stocks

    GuruFocus’ Guru of the Year for 2013 reported his first quarter portfolio holdings this week which highlighted 21 stocks valued at over $33.634 billion. This is quite a bit lower from the company’s second quarter stocks which were valued at $38.53 billion. Over the past quarter the guru bought into one new company, Hertz Global Holding (HTZ) and reduced his holdings in only one – Netflix (NFLX).


    The following five companies are Icahn’s top portfolio holdings as of the close of the third quarter.

      


  • Carl Icahn Calls for Correction; On High Yield bond, Apple (AAPL) buy backs.

    Carl Icahn (Trades, Portfolio) on High Yield bond, Apple (AAPL) buy backs.  


  • Not all MLPs beholden to oil prices

    Behind the Numbers–one of my favorite research services–had some interesting comments on the MLP sector in today’s Thursday Thoughts.


      


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User Comments

Bashe
ReplyBashe - 1 year ago
you got Icahn going from 6 million to 104 million you guys charge us for information you got to get the numbers right. does anyone there read the stuff you post?
Robertbradf@google
ReplyRobertbradf@google - 1 year ago
Icahn is known for acquiring large stakes in companies with the intent of changing their corporate strategies.http://bit.ly/19cSEv3
Tnguye48
ReplyTnguye48 - 1 year ago
Is APPLE missing in this portfolio?



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