Carl Icahn

Carl Icahn

Last Update: 2014-06-30

Number of Stocks: 19
Number of New Stocks: 1

Total Value: $32,928 Mil
Q/Q Turnover: 10%

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

Carl Icahn Watch

  • Carl Icahn's Top Activist Plays: Motorola Inc., Biogen Idec Inc, CIT Group Inc., Genzyme Corp., Yahoo! Inc., Amylin Pharmaceuticals Inc.

    (GuruFocus, February 14, 2010) Carl Icahn is the opposite of Warren Buffett. Buffett looks for companies with good economic moats under good managers, then he will either to take the whole company private or take a minority position in the company. Either way, the precondition for Buffett to take a interest in a company is for it to possess a competent and honest management. Buffett does not supply managers. Carl Icahn, on the other hand, believes that managements and board of directors in the US are mostly either incompetent, corrupted, or both. If he sees a suitable target, he will build a stake a position, announce the interest, and demand company to make strategic changes to unleash its value.

    Robert Shiller, a Yale Business School professor brought Carl Icahn as a guest lecturer to Shiller’s Financial Markets class. Lecture 15 of the class features Carl Icahn. He discusses his thoughts about today's economy and American businesses and their inherent threats and opportunities. He believes that the biggest challenge facing corporate America is weak management and that today's CEOs, with exceptions, might not be the most capable of leading global companies. In the video, someone asked a question on Motorola proxy fight, an event happened in 2007, so the video is 2-3 years old.  


  • Carl Icahn on CEOs and Boards of Directors

    This article highlights the 2008 Commencement speech by Carl Icahn at Drexel University in 2008. The focus is on management in the United States and it's inability to compete. Icahn also says that boards of directors, for the most part, are just as bad. Unions are also a problem, but it is a minor problem. Carl Icahn is an activist investor who in the past has forced Time Warner Inc (ticker: TWX) to reinvent its board of directors to be more independent. He also has control of two seats at Biogen Idec Inc (ticker: BIIB) and is currently waging a proxy fight to get control over 3 more seats. Icahn has recently been a buyer of Genzyme Corporation (ticker: GENZ) and Forest Laboratories Inc (ticker: FRX).

    Summary  


  • Icahn Showing Strong Interest in Biogen Idec Inc – Valuation

    Carl Icahn is trying to add 3 more seats to the Biogen Idec Inc (ticker: BIIB) board of directors through a proxy fight. This is in addition to 2 seats that he already controls. He is also trying to lock the number of seats to 13. By doing this, he prevents any potential dilution of the board of directors. At the same time, he will essentially have strong oversight of the company.

    This action is a potential catalyst. It is likely that Icahn is trying to accomplish two things. First, he is hoping to improve the value of the company while possibly improving corporate governance. Speculatively, he is may also hoping to later sell Biogen to a larger company at a premium.  


  • Carl Icahn Considers Proxy Assault on Genzyme Corp.

    Billionaire investor Carl Icahn, who last year forced board changes at biotechnology company Biogen Idec Inc, may take aim at cross-town rival Genzyme Corp(GENZ), according to a source familiar with the situation.

    Icahn bought 1.5 million Genzyme shares in the third quarter, and some observers expect him to increase that stake as he considers a proxy assault on the biotech powerhouse.  


  • View on GENZ

    Will eventually fix manufacturing issues. Wide moat. Investors over-estimate competition.  


  • Near Graham net nets vs Ultra-low price-to-book value stocks

    I’m setting up a new experiment for 2009/2010 along the same lines as the 2008/2009 Net Net vs Activist Legend thought experiment pitting a little Graham net net against activist investing legend Carl Icahn (Net Net vs Activist Legend: And the winner is…). This time around I’m pitting a small portfolio of near Graham net nets against a small portfolio of ultra-low price-to-book value stocks. The reason? Near Graham net nets are stocks trading at a small premium to Graham’s two-thirds NCAV cut-off, but still trading at a discount to NCAV. While they are also obviously trading at a discount to book, they will in many cases trade at a higher price-to-book value ratio than a portfolio of stocks selected on the basis of price-to-book only. I’m interested to see which will perform better in 2010. The two portfolios are set out below (each contains 30 stocks). I’ll track the equal-weighted returns of each through the year.

    The Near Graham Net Net Portfolio:  


  • Carl Icahn’s activist investing master class at Yale: Commenting on Motorola Inc.

    Carl Icahn recently gave a guest lecture to Professor Robert Shiller’s Yale Financial Markets class.

    In the lecture, Icahn talks about how he started out in finance and evolved into a shareholder activist. He trots out a few of his old saws: the biggest challenge facing corporate America is weak management and today’s CEOs, with exceptions, might not be the most capable of leading global companies. He also discusses the economy and slaps down an undergrad Yalie who has the temerity to have him repeat an answer, which is fun to watch. There are a few gems, including this one:
    I was borrowing money and bought all these convertibles and I thought I was a genius and Jack Dreyfus said, you’re going to lose all your money. I had made a few bucks playing poker and that’s how I started with about eight, ten thousand dollars and I made all this money by borrowing at 90%. I would go out and I was making a lot more in two weeks than my father made in two years. My father said, well you know, put the money away. I said, no Dad, I’m really going to make a fortune here. So, I went out–I remember once–and bought a Galaxy convertible. It was a beautiful car. I had a beautiful girlfriend; she was a model–it was just pretty nice.  


  • View on Carl Icahn

    He is an invester with high degree of knowledge and makes logical reasoning in the process of making decision.  


  • Billionaire Validation x 2: Ron Burkle On Barnes & Noble (BKS) and Carl Icahn on Forest Labs (FRX)

    Lonely Value had received clear endorsements from 2 billionaires in just the last 24 hours.

    Yesterday, Barron's reported on Ron Burkle's $80 million purchase of Barnes & Noble (BKS) shares. Burkle's company, Yucaipa increased its existing BKS stake to 9.8 million shares or 17% of total outstanding shares.  


  • View on Carl Icahn

    He's my mentor and what he buys, i have
    been buying as well, keeping in touch to see, what Icahn will be buying next .  


  • Carl Icahn Changed His Position to CIT Group Inc. PrePackaged Reorganization Plan

    (GuruFocus, November 1, 2009) Activist Investor Carl Icahn went to Fox Business Network explaining what exactly going on with small and middle business lender CIT Group Inc. In exchange giving the control of the board to the bond holders, the CIT Group Inc. is getting $1b from Carl Icahn as a line of credit during the prepackage bankruptcy period.

    CIT Group has gone through a series of financial and liquidity crisis during the past year due to credit losses. A month ago, the company announced a reorganization plan. Under the prepackaged plan, as amended and extended later on, CIT bondholders will get 70 cents on the dollar in the form of new notes and essentially most of the equity in the reorganized company.  


  • Carl Icahn leaves Yahoo!

    Carl Icahn resigned from Yahoo’s board of directors on Friday (October 23, 2009). His resignation letter reads as follows:

    [i]To the Yahoo! Board of Directors:  


  • Gurus Who Sold and Who Kept CIT Group Inc.

    (GuruFocus, October 19, 2009) Invest Guru Carl Icahn offers $6 billion to the troubled company CIT Group Inc. to replace the company’s tender offer to bond holders. He said the offer can save the company $144 million. The shareholder right advocator thinks the company’s own plan favor the larger bond holders and disadvantages the small guys.

      


  • Carl Icahn and Bill Ackman on REITS (Realty Income Corp (NYSE: O))

    Carl Icahn recently gave an interview on CNBC in which he discussed the risks of REITs right now. Bill Ackman also provided his thesis at the Great Investors Best Ideas conference in Dallas, TX. Ackman specifically stated that he is shorting Realty Income Corp (Public, NYSE:O). The Carl Icahn video is viewable at the bottom of this article.

    Carl Icahn  


  • Carl Icahn Top Stocks: Yahoo! Inc., Motorola Inc., Biogen Idec Inc, Amylin Pharmaceuticals, Lions Gate Entertainment Corp., Regeneron Pharmaceuticals

    (GuruFocus, October 10, 2009) Investment Guru Carl Icahn is known as a nadvocate for shareholder’s right and for his activism investment approach. His long career has rewarded him enormously. In 2008 his net worth was US$14 billion, putting him in an eight way tie for the 46th richest man in the world.In 2009 Forbes recalculated his net worth as $9 billion, but now he is in an eight way tie for the 43rd richest man in the world.

    Typically he will enter a substantial equity position or if it is a re-organization situation, a controlling debt position. He will then seek for board seats and saying in how the business should be run, which CEO should hire, or whether the company should purse a M&A. Here is a video in which he discussed some of his investments and his assessment for the current "bear market rally":



  • Carl Icahn Buys Lions Gate Entertainment Corp., Sells The Williams Companies Inc., Holds Yahoo! Inc. and Motorola Inc.

    Carl Icahn is not doing much with his portfolio these days. He even stopped writing blogs. But if he does something, it is usually big. This is the update of his Q2 portfolio.

    Carl Icahn sells The Williams Companies Inc. during the 3-months ended 06/30/2009, according to the most recent filings of his investment company, Icahn Capital Management LP. Carl Icahn owns 19 stocks with a total value of $2.8 billion. These are the details of the buys and sells.  


  • Carl Icahn Buys UltraShort Real Estate ProShares, sells Anadarko Petroleum Corp., TempleInland Inc., Life Technologies Corp

    This is the Q1 portfolio update of Carl Icahn's Icahn Capital Management LP. Carl Icahn likes to buy distressed situations. He is also a famed active investor, buy shares in a company and push for change. , he must see a lot of them these days. Carl Icahn owns 20 stocks with a total value of $2.3 billion. These are the details of the buys and sells.

    Carl Icahn buys UltraShort Real Estate ProShares, sells Anadarko Petroleum Corp., TempleInland Inc., FORESTAR RE GROUP, AMICUS THERAPEUTICS, INC., LIFE TECHNOLOGIES CORPORATION during the 3-months ended 03/31/2009, according to the most recent filings of his investment company, Icahn Capital Management LP.  


  • It's Up to the Shareholders, Not the Government, to Demand Change at a Company

    Several years ago, I bought a big chunk of 'distressed' debt in a major company and landed on the creditors committee when it filed for Chapter 11. Shortly thereafter, the bankers who were hired by senior management told me that I would have to pay retention bonuses to keep its top managers from leaving.

    The company, they warned, would crumble if these star managers left. Nine had already threatened to march out the door if they didn't get substantial bonuses. I told them I was fed up with retention bonuses. Where was the line waiting to hire these "star" managers who were responsible for bankrupting the company in the first place?  


  • Carl Icahn is reportedly trying to force MGM Mirage into bankruptcy

    The former owner of the Stratosphere and a large investor in Cannery Casinos are reportedly trying to force MGM Mirage into bankruptcy.

    The Wall Street Journal Thursday said corporate raider Carl Icahn and private equity fund Oaktree Capital Management have purchased large amounts of MGM Mirage’s corporate bonds in hopes of forcing the Strip casino giant into filing for bankruptcy to restructure the company’s $13.5 billion debt.  


  • Carl Icahn Buys Life Technologies Corp., Wendy's International Inc., Medarex Inc., Sells Advanced Micro Devices Inc., Citigroup Inc., J.C. Penney Company Inc.

    If Carl Icahn buys stocks in a company, he may do something to the companies' management and business operations. CEOs hate him, shareholders like him. These are what he bought and sold during the 4th quarter of 2008.

    Carl Icahn buys Life Technologies Corp., Wendy's International Inc., Medarex Inc., sells Advanced Micro Devices Inc., Citigroup Inc., J.C. Penney Company Inc., Lear Corp., Quest Resource Corp., Telik Inc., Time Warner Cable Inc., Time Warner Inc. during the 3-months ended 12/31/2008, according to the most recent filings of his investment company, Icahn Capital Management LP. Carl Icahn owns 24 stocks with a total value of $2.8 billion. These are the details of the buys and sells.  


Add Notes, Comments or Ask Questions

User Comments

Bashe
ReplyBashe - 3 weeks 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 - 7 months ago
Icahn is known for acquiring large stakes in companies with the intent of changing their corporate strategies.http://bit.ly/19cSEv3
Tnguye48
ReplyTnguye48 - 8 months ago
Is APPLE missing in this portfolio?



Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Free 7-day Trial
FEEDBACK
Email Hide