Carl Icahn

Carl Icahn

Last Update: 09-21-2016

Number of Stocks: 21
Number of New Stocks: 1

Total Value: $20,276 Mil
Q/Q Turnover: 7%

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

Carl Icahn Watch

  • 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.  


  • Carl Icahn Says Netflix Shares Were ‘Undervalued,’ Takes 10% Ownership

    Netflix (NASDAQ:NFLX) stock rose almost as high as 20% Wednesday after renowned activist investor Carl Icahn reported his new stake in a 13D filing to the SEC – a total purchase of 5,541,066 shares or 9.98% reign of the company.

    The filing outlines the purpose of the transaction, which amounted to $168.9 million including commissions and premiums, with reasons similar to what Icahn has outspokenly claimed in previous leveraged buyout initiatives.  


  • Why Did Icahn Buy Call Options of NFLX?

    Shares of Netflix (NASDAQ:NFLX) soared when it was revealed that Carl Icahn had taken a large stake in the online video platform.

    In an interview with CNBC, Icahn said:  


  • Icahn's Corporate Governance Could Be Criticized, Too

    Carl C. Icahn recently criticized Oshkosh Corp. (NYSE:OSK) for continuing to "overpromise and under deliver." After the activist investor asked Oshkosh shareholders to sell their holdings to him or replace the truck maker’s board with directors that his team nominated, the existing board recommended rejecting his offer on Friday on the grounds that it undervalues Oshkosh. As it happens, Icahn's own company could improve its corporate governance, too.

    Icahn Enterprises LP (NASDAQ:IEP) is a diversified holding company that owns subsidiaries engaged in businesses ranging from gaming to home fashion. As of December 2011 it consisted of 20 people who are involved in tasks such as identifying and acquiring undervalued assets and businesses. Icahn’s affiliates own around 92.6% of the company’s outstanding depositary shares, raising questions about the extent to which the needs of his few investors get prioritized.  


  • Carl Icahn Buys More Navistar in Share Offering

    Billionaire investor Carl Icahn increased his position in large truck manufacturer Navistar International Corp. (NYSE:NAV) by 15.56% on Oct. 25, according to GuruFocus Real Time Picks.

    The transaction was for 1,594,667 shares, for which he paid $18.75 each, or $29.9 million total. His updated total Navistar holding size is 11,845,167 shares. In an aggressive buying spree, Icahn has made at least 10 purchases of Navistar since July, as he tries to force his will within the company.  


  • Carl Icahn Increases Ownership of Motricity Inc. to 37 Percent

    Billionaire investor Carl Icahn increased his holding of Motricity Inc. (MOTR) by 157.54% on Oct. 11, 2012, according to GuruFocus Real Time Picks.

    The transaction was for 10,684,237 shares. Added to the 6,782,039 shares he already owned since the second quarter of 2011 when he initiated the position for $10 per share on average, he owns a total stake of 17,466,276 shares. This share count represents 30.73% of the company.  


  • Navistar Strengthens Its Corporate Governance, but Problems Remain

    Caving under pressure from the activist investors Carl Icahn and Mark H. Rachesky, Navistar International Corp. (NYSE:NAV) recently strengthened the supervision of its senior managers by replacing three board members. But the truck and engine maker still has more work to do on its corporate governance.

    The former CEO Daniel C. Ustian and his team struggled against headwinds in recent years ranging from the economic crisis to production failures. As Navistar’s stock price sank in the past year, Mr. Icahn has been upping his investment stake and pushing for change. On Sept. 11 he threatened that if Navistar didn’t shake up its uncooperative board of directors, he would “engage in the tiresome and expensive process of protracted litigation and a proxy fight.”  


  • Carl Icahn Discusses His $3B Offer for Oshkosh and His Acquisition Strategy

    Well-known billionaire investor Carl Icahn was on Bloomberg to discuss his just announced buyout offer for Oshkosh Corp (NYSE:OSK) and his reasons for why OSK is a great value.

    -- Oshkosh is undervalued company with poor management and offers compelling value for capital growth.  


  • Carl Icahn Writes to Navistar - My Comments Are Not Threats, But Demands You Should Take Very Seriously

    Dear Fellow Navistar Shareholders:

    In its September 10 press release the Navistar Board dismissed my September 9 letter as “threats, attacks and disruption rather than continuing constructive engagement”. As that Board is well aware, I have a $330.9 million investment in Navistar, a company with a market capitalization that has fallen from just under $3.5 billion to $1.7 billion in the past 12 months. The top four holders alone own approximately 56% of Navistar stock. Meanwhile, total ownership of the Board and management is less than 1.5%, nearly all of which has been granted to them by Navistar (in other words by you and me) -- they have no skin in the game. I have a message for the Navistar Board: My comments are not threats, they are demands that I take very seriously in light of my substantial investment, and as should you, in light of your fiduciary obligations.  


  • Carl Icahn Increases Stake in Forest Laboratories

    Carl Icahn added 4.52% to his stake in Forest Laboratories Inc. (NYSE:FRX) at the average price of $34.68 on Aug. 24, 2012, according to GuruFocus Real Time Picks. He owns 30,133,346 shares. The stock price has changed by 2%.

    Forest Laboratories Inc. and its subsidiaries develop, manufacture and sell both branded and generic forms of ethical drug products which require a physician's prescription, as well as non-prescription pharmaceutical products sold over-the-counter. Forest Laboratories Inc. has a market cap of $9.22 billion; its shares were traded at around $34.83 with a P/E ratio of 11.8 and P/S ratio of 2. Forest Laboratories Inc. had an annual average earnings growth of 9.7% over the past 10 years. GuruFocus rated Forest Laboratories Inc. the business predictability rank of 4-star.  


  • Carl Icahn Added 7.44% to His Stake in Forest Laboratories at the Average Price of $34

    Carl Icahn added 7.44% to his stake in Forest Laboratories Inc. (NYSE:FRX) at the average price of $34.33 on 08/21/2012, as reported in the latest insider filings by Carl Icahn. He owns 28,323,697 shares. Forest Laboratories Inc. and its subsidiaries develop, manufacture and sell both branded and generic forms of ethical drug products which require a physician's prescription, as well as non-prescription pharmaceutical products sold over-the-counter. Forest Laboratories Inc. has a market cap of $9.09 billion; its shares were traded at around $34.66 with a P/E ratio of 11.6 and P/S ratio of 2. Forest Laboratories Inc. had an annual average earnings growth of 9.7% over the past 10 years. GuruFocus rated Forest Laboratories Inc. the business predictability rank of 4-star.

    Several gurus hold positions in FRX. Richard Pzena owns 11,128 shares as of 06/30/2012, an increase of 231.88% from the previous quarter. This position accounts for 0.0045% of the $8.56 billion portfolio of Pzena Investment Management LLC. Joel Greenblatt owns 379,743 shares as of 06/30/2012, which accounts for 0.98% of the $1.36 billion portfolio of Gotham Capital. John Hussman owns 350,000 shares as of 06/30/2012, which accounts for 0.23% of the $5.32 billion portfolio of Hussman Economtrics Advisors.  


  • Carl Icahn Talks His Plan for Forest Labs

    Well-known activist investor Carl Icahn was on CNBC to discuss his plans for Forest Lab (NYSE:FRX) after he won one seat on their board. Icahn has been locked in a proxy battle with Forest labs to unlock the value as generics attack two kay drugs of Forest Labs

    -- Bittersweet victory for Carl Icahn as he wins one board seat on Forest Lab's board vs. four he was fighting for.  


  • Carl Icahn’s Latest Buys: CHK, CVI, NAV; Sells CMC

    Billionaire activist investor Carl Icahn just reported his Q2 portfolio. His portfolio reveals his 50 million shares of Chesapeake Energy (NYSE:CHK), which is 8.9% of CHK’s total shares outstanding. Mr. Icahn also added to his existing positions in CVR Energy, Navistar International Corp. As of 06/30/2012, Icahn Capital Management LP owns 17 stocks with a total value of $10.5 billion. Chesapeake Energy stock has lost more than 40% over the past 12 months as investors questioned the corporate governance and the CEO compensation of the company. Carl Icahn was saying that the board of the Chesapeake was “just sitting there.” He has urged for a change with the company and warned that he’s prepared to take immediate action if the company does not respond to his requests. Chesapeake Energy CEO Aubrey McClendon recently bought shares. But as we write before, don’t take that as a sign that the company stock will go up. Chesapeake is now the third largest position for Carl Icahn and the stock has recovered by almost 30% from its lows in May.

    These are the details of the buys and sells of Carl Icahn over the past quarter.  


  • Carl Icahn Turns Over $3 Billion to His Son to Allow Him to Prove His Mettle

    And I thought my dad was a pretty nice guy! Perhaps the corporate raider gene was passed down.

    Carl Icahn agreed to allocate as much as $3 billion to a management duo composed of his son Brett and David Schechter, expanding their role in running the 76- year-old’s investments.  


  • Carl Icahn Buys More Navistar

    Carl Icahn, activist investor of Icahn Enterprises, added 11.12%, or 1,787,388 shares of Navistar International Corp. (NYSE:NAV) at between $22 and $23 per share on July 11. After the transactions, he owns 9,038,814 shares, or 13.19% of the company.

    Navistar International is a holding company of military vehicle, diesel engine, RV, bus, and other vehicle-related businesses. Icahn initiated a position in the company in the third quarter of 2011 buying 1,765,647 shares at an average price of $44. In the fourth quarter of 2011, he added 5,485,779 shares at an average price of $38.50. In the current second quarter he has been adding shares more aggressively, with four new buys in a little over a month.  


  • Icahn: Forest Labs board like Chesapeake, 'just sitting there'

    Billionaire investor Carl Icahn spoke with Bloomberg Television’s Trish Regan and Adam Johnson on “Street Smart” today about Forest Labs and said that CEO Howard Solomon is a “friendly guy,” but that “he says we’d be a disturbance…We would be, to his plans. His plans, I think, are to swing for the fences and get his son in to be CEO. We would obviously stand up against that. I think that’s why he doesn’t want us on the board.”

    Icahn also said that the market is “too high at this point” and stock prices “have gone a bit ahead of themselves.”  


  • Carl Icahn Perturbed with Forest Labs: Interview

    Carl Icahn discusses the angry letter he sent to Forest Labs (NYSE:FRX) concerning the company's succession plan:

      


  • Victory for Carl Icahn and Mason Hawkins: Chesapeake Shakes up Board, Replaces 4 Members

    Chesapeake Energy (NYSE:CHK), the U.S. energy explorer battered by collapsing natural-gas prices and growing investor mistrust, will replace almost half its board under pressure from billionaire investor Carl Icahn. Four of the company’s eight non-executive directors will be replaced with nominees of the largest shareholders, Southeastern Asset Management Inc. and Icahn, Chesapeake said in a statement today. Icahn triggered the overhaul by acquiring a 7.6 percent stake last month to rein in what he saw as chairman and CEO Aubrey Mclendon's risk-taking and overspending that led to a $22 billion cash crunch and has eroded the share price by 26 percent this year.

    McClendon has been under a cloud since a series of media reports in March and April about personal loans he obtained using minority stakes in company-owned wells that he’d been allowed to gather for his private portfolio. The company announced May 1 that he will step down as chairman when a replacement is chosen.  


  • Cummins: A Consistent Performer

    If I told you about a stock that's delivered gains of nearly 20% to investors for the past five years, then I imagine you'd be a little skeptical. After all, the past five years have been some of the most tumultuous years in recent memory. And even if it weren't, 20% a year is a pretty tough benchmark to meet.

    Warren Buffett, Carl Icahn, Bill Ackman -- these guys would all kill to even come close to that, not to mention probably take on a lot of risk in the process.  


  • Activist Investor Carl Icahn Bought Into Chesapeake Energy

    Activist billionaire investor Carl Icahn just reported that his funds have bought an aggregate amount of 50 million shares of Chesapeake Energy (NYSE:CHK), which is about 7.56% of total shares outstanding. Carl Icahn started to buy the shares on April 19 at $18 a share and has added to the positions as the stock prices collapsed to around $14. His last purchase was on yesterday, May 24. His average cost is about $15.7 a share. Today Chesapeake stock closed at $15.99.

    Chesapeake has attracted a lot of attention lately as investors questioned the interest and compensation of its CEO Aubrey McClendon. The company announced the day before yesterday that it has implemented significant changes to the compensation of its CEO and the board of directors, which includes reducing the annual compensation of directors by 20% and reducing the CEO total compensation for 2011 by 15%. The company stock has lost close to 30% year to date. Since its peak in 2008, the stock has lost close to 80%.  


  • Shareholders Agree to Carl Icahn's Offer to Buy CVR Energy

    Carl Icahn’s holding of CVR Energy Inc. (NYSE:CVI) by 382% after a majority of shareholders agreed to accept his $30-per-share tender offer that valued the company at $2.6 billion, according to GuruFocus Real Time Picks. Icahn now owns 69 percent of the Sugarland, Texas-based refiner and marketer of petroleum fuels and majority owner of CVR Partners LP (NYSE:UAN), a nitrogen fertilizer producer.

    CVR Energy’s board urged shareholders to reject the offer from Icahn, as it represented an 8.7 percent premium over its closing stock price as of Feb. 15, 2012, the last day before Icahn announced the offer, and 3.9 percent to its highest closing stock price during the six months prior to the announcement of the offer, among other reasons.  


  • Icahn Continues to Bet on WebMD

    Carl Icahn raised his stake in WebMD (NASDAQ:WBMD) to 13.12% from 11.64%. Icahn paid $203.2 million for the additional shares which are up almost 5% on the news.

    Last fall, Icahn purchased a minority stake in WebMD with hopes that he could push for a share buyback around $30 per share. Unfortunately, shares have languished since Icahn made his investment. The company only authorized a $150 million share buyback which is a far cry from the $1 billion that Icahn was pushing for.  


  • Icahn Sues Amylin, Pushes for Sale

    Well-known billionaire activist investor Carl Icahn is up for new game. Carl Icahn sued Amylin Pharmaceuticals Inc. to block enforcement of a bylaw that prevents the billionaire investor from launching a proxy fight that could lead to a sale of the maker of diabetes drugs. Icahn, whose 8.94 percent stake has made him Amylin's third-largest shareholder, faulted the company for failing to reveal its rejection of a $3.5 billion unsolicited takeover bid, or $22 per share, from Bristol-Myers Squibb Co. (NYSE:BMY).

    In a complaint filed in Delaware Chancery Court, Icahn urged that Amylin not be allowed to enforce a bylaw requiring shareholders to provide advance notice of board candidates.  


  • Carl Icahn Is Not Interested in RIMM

    Carl Icahn, Icahn Enterprises chairman, discusses his tender offer for CVR Energy (CVI), and now holds 69% of the company's shares. Icahn also weighs in on whether Amylin Pharma (AMLN) should be sold, and reveals his thoughts on Research-In-Motion (RIMM), with the Fast Money traders.

    Here is the video:  


  • Forest Laboratories (FRX): Greenblatt and Graham with a Twist of Icahn and Owens

    Add all these guru investors into the mix, toss in some self-research, and you may have just discovered a great stock that might fit perfectly into your portfolio.

    Business:  


  • Pay for Top-Earning U.S. Hedge Fund Managers Falls 35%, AR Says

    Average pay for the 25 top earners was $576 million last year, down from $883 million in 2010, according to an annual ranking published by AR Magazine. In 2009, the figure stood at $1.1 billion.

    March 30 (Bloomberg) -- Compensation for the highest-paid U.S. hedge-fund managers plunged 35 percent in 2011 to $14.4 billion after the European sovereign debt crisis pushed the industry to its second-worst year ever, a survey showed.  


  • Carl Icahn Comments about Leaving $345 Million on the Table by Selling Lionsgate

    Corporate raider Icahn had the following comments:

    - Sold Lionsgate (NYSE:LGF) and the stock doubled.  


  • The Stock That You Can Buy Much Cheaper Than Carl Icahn; Trading at the Lowest Valuation Ever

    One signal of undervalued position is when the investors can buy the stock at the discount to its 10% owner, and there are a quite a number of gurus are holding onto the stock. That happens with one mid-cap stock which happened to experience the growing performance over the years. That company is called WebMD Health (NASDAQ:WBMD). Over the years, WBMD have experienced quite a roller coaster in its stock price, with the range of $15 - $60 since 2006. After the gradual advance since the bottom at the end of 2008, from $15 to $58, recently, it experienced the significant drop, of nearly 30% from $38 to only $27 within just 02 weeks.

      


  • Buffett Ratio Guru Portfolio Analysis - The Portfolio of Carl Icahn Analyzed

    The following is an analysis of the most current portfolio of Carl Icahn. This analysis will use a system that I designed that is based on the ratio that Warren Buffet released to the public in 1986, which he coined “Owner Earnings.” For those new to this type of analysis, I would recommend reading an introduction to my system here.

    My goal is ultimately to analyze the portfolios of each guru highlighted here on GuruFocus, and then to subsequently re-analyze them every quarter when possible as changes are made. My purpose in writing these articles is to show the power of Buffett’s ratio in analyzing stocks, ETFs, mutual funds and individual portfolios. If one can fill their portfolios with companies that score high using my system and avoid those which fail, one should be able to increase the probability of becoming a successful investor, in my opinion.  


  • Carl Icahn Increases WebMD Stake 9.6% as Shares Fall 26%

    Carl Icahn, owner of hedge fund Icahn Management LP, bought more WebMD (NASDAQ:WBMD), according to data from GuruFocus Real Time Picks. Icahn is known for his activist investing style. He typically invests in companies that are not glamorous or out of favor. From January 10 through January 12, Icahn made three purchases of WebMD shares totaling 545,587, at about $26 per share. He now owns 6,237,861 common shares, or 10.95%, of the company. He initiated a position in WebMD with 2,179,201 shares at an average cost of about $36 per share in the third quarter of 2011. He has been adding to his stake since then as the price has dropped 26% since the beginning of the year. It has a 52-week range of $25.01 to $58.55.

    WebMD defines itself as “the leading provider of health information services, serving consumers, physicians, other healthcare professionals, employers and health plans.” Its stock price plunged 29% on January 10 as it made several game-changing announcements. First, its CEO, Wayne T. Gattinella resigned from his position, and CFO and COO Anthony Vuolo will serve as interim CEO.  


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