Carl Icahn

Carl Icahn

Last Update: 05-16-2016

Number of Stocks: 21
Number of New Stocks: 0

Total Value: $21,485 Mil
Q/Q Turnover: 1%

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

Carl Icahn Watch

  • Carl Icahn Increases Position in Navistar and Avoids Proxy Battle

    Last week, the ever-busy Carl Icahn took a break from his pursuit to buy Dell from its CEO to increase his holdings in another company. Icahn made two increases to his position in Navistar International (NAV) last week.

    On July 17, Icahn upped his position by 5.2%. The guru purchased 646,289 shares at an average price of $33.42 per share. After his first buy of the week, Icahn held 15.59% of the company’s shares outstanding.  


  • A 27-Minute Question and Answer Session with Carl Icahn

    CNBC had Carl Icahn for an uninterrupted 27 minutes. When you have a few billion dollars and are well past the normal retirement age it seems you have the ability to speak freely.

    In the interview below Icahn hits on the following topics:  


  • Carl Icahn Discusses His Plans to Raise His $24 Billion Dell Offer

    The one and only Carl Icahn called in to Bloomberg to discuss his action surrounding Dell (NASDAQ:DELL).

    According to Icahn he is going to be raising his bid for Dell and thinks the offer is completely superior to what Michael Dell and SilverLake are offering.  


  • Icahn to Increase His Offer for Dell

    The feisty and brilliant billionaire investor Carl Icahn is preparing his next move in the heated battle for Dell (DELL) between the CEO and founder, Michael Dell, and himself. The guru is preparing a higher bid for the computer-making company days before a crucial shareholder meeting. This shareholder meeting will essentially decide whether it's Dell or Icahn that gains control of the company.

    Icahn told Bloomberg TV in an interview that he is planning a higher bid that will include a warrant by Friday (July 12) morning.  


  • Carl Icahn Reveals His Plans for Dell

    The original corporate raider joined CNBC to discuss his plans to recapitalize Dell (NASDAQ:DELL).

    Icahn has arranged $5.3 billion in financing and believes that he obviously has a superior offer to what Michael Dell's take-private proposal offers.  


  • Southeastern and Carl Icahn's Ongoing Battle with Michael Dell

    As Carl Icahn’s struggle with Dell’s (DELL) Board becomes more hostile and apparently comical, the Guru has joined Twitter. Sticking true to himself, Icahn’s first tweet was a very obvious and comical jab signaling his desire to take over the technology company.

      


  • Bill Ackman Wants To Make Big Profits With These 3 Dividend Stocks

    Some of you might know Bill Ackman because of the phone battle against Carl Icahn on CNBC. He is an activist with around USD 10 billion in assets under management. In his management company “Pershing Square Capital” he has only 10 stock holdings.

    As an activist, Ackman tries to increase pressure on the management of a company in order to implement own visions of the company’s future. Nearly half of his positions have voting rights over 10 percent.  


  • What the Gurus Did This Week - Real Time Guru Activities Update

    This past week was a slower week in guru real-time activity, with four gurus reporting changes to their portfolios. Richard Blum, George Soros and Mario Gabelli made slight changes in their holdings, while Carl Icahn made a significant increase to one of his holdings.

    Mario Gabelli
      


  • Icahn's Most Recent Increase in Dell

    In an article written for Forbes, Carl Icahn discusses why his form of investing is not only good for him but also for America:

    Corporate democracy does not exist. Critics of activism state that activism may be good for the activist but not for other stockholders. Yet shareholder value has risen by many billions of dollars in the companies we have targeted over the years. I believe this proves conclusively that all shareholders, not just us, benefit from our involvement…
      


  • Southeastern Asset Management Updates Investors on Dell

    Southeastern Asset Management continues to believe that the Michael Dell / Silver Lake management buyout proposal undervalues the company and its prospects going forward.

    Southeastern and Icahn Associates have been working diligently to provide a better alternative for shareholders. Southeastern has determined that Icahn is in the best position to lead the development of an alternative transaction and to generate a better outcome for shareholders. Southeastern has therefore agreed to sell approximately 72,010,328 shares to Icahn, making Icahn the largest outside shareholder of Dell.  


  • Carl Icahn's 3 Biggest Dividend Stock Bets from His Recent Buys

    Carl Icahn is a well-known investor. He serves around USD16.9 billion in his asset management company Icahn Capital Management LP. His asset allocation is very focused on single stocks. In total he has only 19 stock holdings of which four are new. Within the recent quarter, Icahn bought only five companies. He’s a guy who wants control and he wants to change something. In his portfolio holdings he has a significant influence with an ownership of more than 10 percent of the outstanding capital.

    From his 13 latest stock buys, only seven pay dividends. Eight of them have a current buy or better rating by brokerage analysts.  


  • Carl Icahn and Southeastern Urge Investors to Reject Dell Buyout Offer

    Southeastern, along with Icahn Enterprises L.P., believes that substantially greater value can be realized for Dell (NASDAQ:DELL) stockholders than what is reflected in the Dell management-led buyout proposal and will be making a proxy statement available in the near future.

    Southeastern and Icahn wrote the following letter to Dell shareholders:  


  • Carl Icahn's First Quarter Increase

    The always vocal Carl Icahn continues to hold positions which allow him to criticize upper management as well as demand board seats for himself or his partners. Staying true to his image, Icahn made four new buys in the first quarter, with two of those companies being highly popularized and controversial. Icahn only increased his holdings in one company (highlighted below) and did not sell out or decrease his holdings in any stock. As of the end of the first quarter 2013, Icahn held on to 19 stocks that were valued at $16.957 billion.

      


  • Carl Icahn - Michael Dell Should Not Be Dell's CEO

    Icahn says that we need more than a bit of a cultural change at Dell (NASDAQ:DELL). Michael Dell is no longer the guy to run this company.

    Icahn insists that he has nothing against Michael Dell and respects him, but is sure that he not going to be the guy to run the new Dell.  


  • CARL ICAHN: 'I Don't See Jim Chanos On The Forbes 400 List'

    "I've been on the other side of him [Chanos] many times and I've made fortunes being against him," said Icahn. "I don't mean this in a derrogatory way, but I don't see Chanos on the Forbes 400 list," he said.

      

  • Carl Icahn Walks Us Through His Offer to Acquire Dell

    Icahn thinks that the Michael Dell offer for Dell (NASDAQ:DELL) that the board of directors has approved is a great giveaway. Instead he and Southeastern Asset Management are proposing a leveraged recapitalization.  


  • Real-Time Review of Three Trades

    According to GuruFocus Real Time Picks, these are some of the Guru trades listing in the last 24 hours and a look at how the companies are performing:

    Carl Icahn  


  • Icahn Increases Voice Recognition NUAN at 52-Week Low

    The GuruFocus 52-week low screener reveals that Nuance Communications Inc. (NASDAQ:NUAN) is at a 52-week low of $18.94 (high was $25.89). According to the GuruFocus Value Screen for 52-week lows, NUAN is 26.8% off the high. But activist investor Guru Carl Icahn of Icahn Capital Management is putting his dough on this amazing voice recognition and imaging systems company that, in hindsight, has made television's old “The Jetsons” cartoon look like a kind of inspirational blueprint for today’s talking cars and interactive smart phones.

    At last month’s launch of Nuance's mobile advertising “Voice Ads,” Guru Carl Icahn became the largest stakeholder with a new buy of around 29 million NUAN shares. As of March 20, 2013, the stock price range was $19.5 per share. According to GuruFocus Real Time Picks, Icahn increased his position again by 15.58% as of April 30, 2013, adding around 4.5 million shares in the price range of $23.30 per share, just as Nuance Communications reported a less than expected second quarter. The current NUAN share price is $19.04, with a change from average down 18%. The stock is down 23% over the past 12 months.  


  • Forbes India Profiles Corporate Raider Carl Icahn

    From Forbes India, a profile of Carl Icahn:

    [i]Carl Icahn’s offices carry a distinct museum quality. Three decades of scalps, resulting from some of the most famous hostile takeovers, proxy fights and board assaults in American financial history, cover every cranny of his wood-lined corridors. There are model airplanes from TWA—the takeover that cemented his name among major league dealmakers—and toy trains from ACF Industries, which has served as his cash machine for decades. Lucite tombstones recount conquests involving many of the great companies of the 20th century, from MGM to Motorola, Texaco to Nabisco.  


  • Carl Icahn Guest Lecture At Yale University

    I'll let Carl Icahn introduce himself (from his site "The Icahn Report"):  


  • 60 Minutes Profiles Carl Icahn

    Pushing for change at Chesapeake Energy and Herbalife, battling head to head on CNBC with Bill Ackman... Carl Icahn isn't your run-of-the-mill senior citizen.

    At age 76, Carl Icahn is still shaking up corporate boards, criticizing management and demanding board seats. His hedge fund was one of the top performers in 2011 and has a long-term track record of approximately 30% pa. His conglomerate, Icahn Enterprises, invests in rail cars, retail, gaming, energy and automotive. He insists that most public companies around the world are very inefficient and can be improved with the correct strategies. A Princeton drop out, he is now one of the longest standing and most successful corporate take- over artists in the world.  


  • Bill Nygren Commentary on Oakmark Fund, First Quarter 2013

    The Oakmark Fund increased by 10% in the past quarter, bringing the gain for the first half of our fiscal year to 13%. The S&P 500 also increased significantly, up 11% and 10% for the quarter and six months, respectively. Despite these increases, we believe stocks remain moderately undervalued relative to their own history and extremely undervalued versus bonds.

    Our best performing stock in the quarter was Dell, up 42%. Dell is in the midst of a bidding war between a group headed by its CEO, Michael Dell, and groups led by Blackstone and Carl Icahn. We have decided, for now, to maintain our holding as we believe there is a reasonable probability that a higher bid will emerge. A more detailed discussion of our Dell position can be found in the commentary for the Oakmark and Oakmark Select Funds.  


  • Carl Icahn Writes Letter to Transocean Shareholders - Wants A Dividend Increase

    How does Icahn get any sleep? He seems to be publicly active with a new company every week — Herbalife, Chesapeake, Dell (potential acquisition).

    Yesterday he released this letter asking shareholders to support his three proposed directors and the implementation of a much larger dividend. Here is his letter:  


  • A Luddite Consumer Perspective - Icahn’s New Mega Buy, NUAN

    In 1926 Nikola Tesla, scientist, futurist and inventor, stated: "When wireless is perfectly applied the whole earth will be converted into a huge brain, which in fact it is, all things being particles of a real and rhythmic whole." In the 1960s philosopher Marshall McLuhan’s vision of technology in a media-dominated global village was that it translates "our entire lives into the spiritual form of information" and unifies the entire globe and the human family into a single consciousness.

    This week Nuance Communications Inc. (NASDAQ:NUAN) and its new “Voice Ads” realized more of what Tesla envisioned and McLuhan predicted as “the intensification of the world community,” which he postulated before cell phones, smartphones, laptops, Facebook or Google. A few days ago, Nuance Communications unveiled “Voice Ads,” as a new mobile advertising format that lets a billion people have two-way conversations with the brands they love. The question is: Do you WANT to have a conversation with a brand? I don’t. I never talk to my shampoo. Ever.  


  • Carl Icahn’s 4 Biggest Dividend Stock Holdings

    Super investors made a great return in the past and they got very rich. Not all started to make money with little stock trading. Some of them made big deals with huge loans. They took the risk and won the game.

    Carl Icahn is such a person. He is an activist with $12 billion market value of his Icahn Capital Management vehicle. Herbalife, Transocean or Dell, Icahn is still named as investor who stirs up the pastry.  


  • Gurus Gabelli and Icahn Own Large Chunks of Navistar

    Navistar sounds like the GPS company but it isn’t. The global manufacturer of International brand commercial trucks, large vehicles, and diesel engines Navistar International Corp. (NYSE:NAV) is one stock on the keep-buying lists of Gurus Mario Gabelli and Carl Icahn. The GAMCO Investors’ Chairman and Chief Executive Officer Mario Gabelli owns 4,463,160 shares of NAV, valued as $97 million, as of Dec. 31, 2012. His NAV holdings account for 0.71% of his equity portfolio.

    Navistar International Inc. (NYSE:NAV) stock rose from $31.89 last week after the company named Troy Clarke as CEO. Clarke plans to reduce costs by $175 million, lay off employees, and close business units to return Navistar to profitability by the end of the year. Navistar has combined engine technology with competitor Cummins Inc. to produce 13-liter engines that meet federal emission standards, according to the Chicago Tribune. Navistar will sell the big-bore engines made by Cummins Inc. in its heavy duty trucks with an anticipated start in April 2013. Incorporated in 1993, Navistar International has a market cap of $2.78 billion; its shares are traded at around $34.72 with and P/S ratio of 0.1979.  


  • Billionaire Carl Icahn: Pitbull At The Gate, Dell (DELL), Herbalife (HLF) And More

    Be sure to check out our detailed stock analysis (click here). It seems everywhere we look, Carl Icahn is nipping at some company's heels, getting ready to bite. He is the ultimate alpha investor. The CBS program "60 Minutes" profiled him in August 2008 and called his effect on a company's share price the “Icahn Lift.” The premise behind this is that Icahn boosts the value of a company's share price for other investors when he buys stock in that particular company (check out all of Icahn's stock picks).

    Icahn started his style of investing in the 1970s and 80s. The press originally called him a “Greenmailer” as companies would just pay him off to go away. In other words they paid a premium for his shares to leave the company alone. In the late 1980s and 90s, Icahn became known as a “Corporate Raider” after he bought entire companies using cash and debt. Today he's known as an “Activist Investor.” But as Icahn told "60 Minutes," he's been doing the same thing all along, which is identify an undervalued company and use his deep pockets to angle for change in the company's strategy and boost the stock price. When Icahn wins, other investors win as well because investors are investing right alongside him. Let's take a look at where Icahn is currently investing.  


  • Carl Icahn Adds HLF as Herbalife War Erupts

    In his sixth add of Herbalife Ltd. (NYSE:HLF) since his buy on Feb. 4, 2013, Guru Carl Icahn again increased his stake by 2.01% on March 8, 2013, for a total current shares of 16,355,131. Icahn is listed as 10% owner of Herbalife Ltd. The current price of HLF is $40.38, with a change from average down 3%. Founded in 1980, Herbalife Ltd. is a leading provider of weight management and nutritional supplements operating in 72 countries through a network of 2 million independent distributors.

    In the first quarter of 2013, Herbalife (NYSE:HLF) got more than its fair share of press with controversial statements made by Gurus Bill Ackman of Pershing Square Capital Management LP and Carl Icahn of Icahn Capital Management LP, and others arguing about the Herbalife business model. Last week New York investor and attorney Daniel Ravicher filed paperwork in Manhattan Federal Court to force three banks to pull back $1.2 billion of financing for Herbalife. According to the New York Post, Ravicher filed another separate lawsuit seeking to force Icahn to pay damages and divest his stake in Herbalife.  


  • Ride the Tank Car Boom: American Railcar Industries

    Contributing editor Glenn Rogers is back this week with some thoughts about North America's oil traffic jam and the railroad solution that producers are turning to with greater frequency. Glenn is a successful businessman and entrepreneur who has worked in both Canada and the U.S. and now lives in southern California. Here is his report. Glenn Rogers writes:

    While the U.S. government ponders whether to finally approve the Keystone pipeline, oil companies and refiners have figured out a way to move their products without the benefit of the less expensive and safer pipeline alternative - by rail.  


  • Carl Icahn vs Bill Ackman and Herbalife

    Herbalife (NYSE:HLF) is a ponzi scheme. Period. Why?

    For me it is pretty simple. They do not sell their products through retail channels. They sell them through distributors who are recruited by other distributors. Step one in the “increase sales” process is to recruit more distributors. Without adding distributors, sales are stagnant as the company has presented no evidence existing distributors are able to increase sales without also increasing recruiting.  


  • Chesapeake CEO Aubrey McClendon Resigns – What Now?

    After experiencing a roller-coaster of a year in 2012, jam-packed with investigations, falling market value, public scrutiny and company shareholders demanding his ouster, Chesapeake CEO Aubrey McClendon has announced his decision to resign, sending Chesapeake (NYSE:CHK)’s stock to surge about 11 percent yesterday after the news broke.

    It seems like Chesapeake is well on its way to recovery, with McClendon’s resignation knocking off the first step, taking effect in the beginning of April. Since 2013 started, its stock has risen from $16 to its price today of $20.05.  


  • Carl Icahn Still Bullish on Chesapeake

    It appears that Carl Icahn has helped to shuffle the board of another company. Yesterday, it was revealed that Chief Executive Officer Aubrey McClendon has agreed to retire on April 1.

    However, it is not clear whether Icahn used his activist tactics to remove the beleaguered executive.  


  • Ackman Points Out a Bit of Hypocrisy in Icahn's Comments About Ackman's Herbalife Short

    I can't recall a feud carried out quite so publicly. First Icahn states that he doesn't like or respect Bill Ackman on cable television. Today Ackman gets a chance to reply by basically calling Icahn out for being a hypocrite.

    Icahn said yesterday that he thought it was distasteful and too aggressive for Ackman to publicly announce his short position in Herbalife at the Ira Sohn conference. Ackman points out that in both 2002 and 2003 Icahn spoke at the exact same conference about his short position in Trinity Industries which he was short 22% the float of.  


  • And the War Continues: Short-Seller Jim Chanos Comments on Herbalife

    A video posted by Reuters yesterday featured famed short-seller, Jim Chanos, zeroing in on Herbalife (NYSE:HLF), the stock in the middle of a heated betting war between several hedge fund managers.

    Although Chanos was reluctant to reveal his actual position on Herbalife, he did view his opinions about companies like Herbalife in general, which discloses his stance on the multi-level marketing business model that Herbalife is comprised of.  


  • Carl Icahn’s Top Growth Stocks

    It is incredibly hard to find a description of Carl Icahn without seeing the words activist, raider, takeover, and of course, billionaire, attached to his name. The aggressive investing Guru has built a legendary reputation disturbing the peace in the management of ailing companies, challenging corporate executives about the way they run businesses and writing ultra-public letters of criticism, all laced together with good intentions.

    As the ultimate contrarian, the Icahn approach doesn’t quite fall completely in line with the methods of the investing messiah himself, Warren Buffett, which often has people underestimating Icahn, explaining why investors do not piggy-back on his moves as fast as they do Buffett’s. But one part about this tidbit that Icahn does surely enjoy: proving people wrong.  


  • Carl Icahn Discloses a Position in Transocean Ltd.

    Global offshore drilling company, Transocean Ltd. (NYSE:RIG), announced yesterday that activist Guru Carl Icahn has grabbed a 3.26 percent position in the company, according to a Transocean press release on Monday and an SEC filing.

    The company noted that the position consists of 1.56 percent of Transocean’s issued shares, and 1.7 percent worth of a synthetic long position (including options to acquire shares). Icahn additionally seeks approval to potentially obtain voting securities of Transocean in an amount exceeding $682.1 million. Buying this amount would place his stake in the company at about 5 percent.  


  • Talks of Carl Icahn Getting a Piece of Herbalife, Joining Loeb in Long Position

    After fellow activist investor, Daniel Loeb set off the media earlier this week with his declaration to obtain a long position in Herbalife (NYSE:HLF), a company that Pershing Square’s Bill Ackman just shorted weeks ago, corporate raiding Guru Carl Icahn has been reported yesterday afternoon of joining Loeb in taking a piece of the action.

    Herbalife, a nutritional supplement company that uses a multi-level marketing approach, was labeled a pyramid scheme by Ackman days before Christmas, dropping the stock down more than 15 percent. A few weeks have gone by, along with Loeb’s initiation, and the stock is seen slowly recovering. The stock is down only 0.64 percent Friday morning.  


  • Herbalife's President Appears on CNBC to Refute Ackman's Claims

    What a start to 2013! Ackman goes public in grand fashion with a 9 million-page short presentation on Herbalife (NYSE:HLF) promising to dedicate his profits to charity.

    Then to make things even more interesting, both Daniel Loeb and now Carl Icahn have taken the long side of Herbalife. Icahn and Ackman have long had a real hate for each other, so this story is going to be one for the ages.  


  • Carl Icahn’s Commercial Metals Stake Continues to Lose Shine

    It has been about a year since activist investor Carl Icahn dropped his bid for Irving, Texas-based Commercial Metals Co. (NYSE:CMC). After a proxy contest lasting several months, and the company urging its shareholders to refuse Icahn’s $15 per share tender offer, Commercial Metals can continue to welcome the New Year Icahn-free, as the takeover Guru reported his third stake reduction in the company today.

    Icahn, who once had about 10 percent control of the company, now has 6.17 percent of the company’s outstanding shares. In the third quarter of 2012, he had 6.82 percent outstanding shares.  


  • Carl Icahn the Activist Investor on 60 Minutes

    Carl Icahn the activist investor was on 60 Minutes discussing his investment strategy. This video is a bit old but still provides very good insights into the workings of Icahn — how he goes about looking at the opportunities, fighting boards and management and making profits.

    Here is the video:  


  • Bloomberg's Carl Icahn Spotlight



  • Bloomberg's Take on Carl Icahn's Greenbrier Bids



  • Icahn Takes a Large Step Back from Greenbrier After Company Rejects Second Bid

    Activist investor, Carl Icahn, who was once 9.99 percent owner of railcar maker, Greenbrier Companies Inc. (NYSE:GBX), has now taken a leap back from its ownership and reduced his stake by 65.9 percent, reported on Dec. 21 according to GuruFocus Real Time Picks. The reduction came after Greenbrier rejected Icahn’s second bid, teaming up with American Railcar (NASDAQ:ARII) as Icahn oversaw plans to merge the two companies. (To read about his first bid, go to Carl Icahn Pursues Greenbrier.)

    Icahn, who owns 55.6 percent of American Railcar’s outstanding shares, now holds a measly 924,262 shares of Greenbrier after the reduction, compared to the 2.7 million he originally owned when he first acquired the stock in November. This currently represents 3.41 percent of Greenbrier’s outstanding shares.  


  • Carl Icahn Pursues Greenbrier Again, Gets Denied

    Investor Carl Icahn is at it again with his activist endeavors. This time, a merger bid.

    In a 13D filing to the SEC reported yesterday, Icahn proposed that railcar manufacturer, American Railcar Industries Inc. (NASDAQ:ARII), where he owns 55.6 percent of its outstanding shares, would acquire fellow railroad freight manufacturer Greenbrier Companies Inc. (NYSE:GBX) at a price of $20 per share.  


  • Icahn’s Oshkosh Reign Slims Down to 6.78%

    As of yesterday, Carl Icahn has reported giving up more of his shares of specialty truck producer, Oshkosh Corp. (NYSE:OSK), trimming 1.2 million shares, his second reduction after deciding to call it quits in his tender offer several days ago when he failed to receive Oshkosh shareholder support. (Read Icahn Backs Off From Oshkosh.) The share disposal deflates Icahn’s ownership down to 6.78 percent from 8.13 percent six days ago. The reduction accounts for 16.57 percent of his overall stake, according to GuruFocus Real Time Picks.

    Over the past few months, Oshkosh confidently battled Icahn in a drawn out, publicized proxy fight. The basis of Icahn’s activist endeavors center around his belief that Oshkosh is undervalued and poorly managed. With every attempt, Oshkosh retaliated by reassuring its shareholders that Icahn’s claims were false and inadequate.  


  • Icahn Abides by Tender Offer Deadline, Backs Off from Oshkosh and Reduces Stake

    Dec. 3 marked the deadline for Carl Icahn to see whether he and Icahn Enterprises LP should continue the $32.50 per share tender offer they extended to shareholders of specialty truck producer, Oshkosh Corp. (NYSE:OSK), one of the companies in Icahn’s takeover radar. Icahn placed a 25 percent tender threshold by the time of the deadline to continue the offer, anticipating Oshkosh shareholder support.

    The result? Only 22 percent of the shares were tendered by the time of the deadline, and no shares were purchased. As part of Icahn’s self-inflicted stipulations, he and Icahn Enterprises LP were left to abandon the tender offer. On top of that, Icahn reported to stepping down from 9.5 percent ownership of the company and reducing his shares by 14 percent, according to GuruFocus Real Time Picks.  


  • Netflix Stock Surges After Announcing Disney Deal, Guru Commentaries

    Today, Netflix Inc. (NASDAQ:NFLX)’s stock soared up to almost 15 percent after announcing a multi-year licensing agreement with The Walt Disney Company (NYSE:DIS), reserving Netflix's exclusive rights to Disney movies after their run in theaters. Though the financial terms of the agreement have not yet been disclosed, Netflix chief content officer, Ted Sarandos, says Disney and Netflix have long shared a mutually beneficial relationship, and this partnership is just “a bold leap forward for Internet television.”

    Recently, Netflix has flooded media headlines about concerns dealing with its programming spending.  


  • Chesapeake Revisited, as Icahn Slides to 8.98% Ownership

    As highly esteemed activist investor Carl Icahn reported increasing his Chesapeake (NYSE:CHK) stake by almost 20 percent today, Chesapeake’s long talked-about issues pertaining to its corporate governance and its financial losses that caused the company’s tumultuous and highly scandalized year, reappeared in the spotlight.

    With a market cap of $11.06 billion, Chesapeake remains as one of the largest producers of natural gas. Headquartered in Oklahoma City, the company’s operations expand to multiple locations such as Utica, Cleveland, Tonkawa, Mississippi and Eagle Ford, to name a few.  


  • Carl Icahn – Netflix Poison Pill Is a Travesty Of Corporate Governance

    Icahn believes that Netflix (NASDAQ:NFLX) is undervalued and does not understand the big short position in the stock. He thinks Netflix will be very difficult to compete with and if the company is put in play a takeover would attract a very large premium.

      

  • A Closer Look at Take-Two Interactive as Icahn Inches Closer to 10% Ownership

    In a 13D filing to the SEC dated Nov. 5, outspoken activist investor Carl Icahn has reported to boosting his stake of Take-Two Interactive Software Inc. (NASDAQ:TTWO) to a total ownership of 9.57 percent, up from 8.7 percent ownership reported in the second quarter of this year.

    This brings his total holding to 8,686,074 shares of Take-Two Interactive to date.  


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