Billionaire activist invesor Carl Icahn's Yahoo position has been widely discussed. It seems now he finds opportunities in drug companies and his old favorite Motorola Inc. These are his buys and sells during the second quarter. Carl Icahn owns 25 stocks with a total value of $4.9 billion.
Carl Icahn buys Yahoo! Inc., WCI Communities Inc., Emisphere Technologies Inc., sells BEA Systems Inc., GUARANTY FIN GROUP, Perry Ellis International Inc. during the 3-months ended 06/30/2008, according to the most recent filings of his investment company, Icahn Capital Management LP. Carl Icahn owns 25 stocks with a total value of $4.9 billion. These are the details of the buys and sells.
- New Purchases: EMIS, WCI, YHOO,
- Added Positions: AMLN, MOT,
- Reduced Positions: TWC,
- Sold Out: BEAS, GFG, PERY,
For the details of Carl Icahn's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Carl+Icahn
Added: Motorola Inc. (MOT)
Carl Icahn added to his holdings in Motorola Inc. by 24.62%. His purchase prices were between $7.35 and $10.01, with an estimated average price of $9.1. The impact to his portfolio due to this purchase was 4.31%. His holdings were 144,119,843 shares as of 06/30/2008.
Motorola Inc. is a global leader in providing integrated communications solutions and embedded electronic solutions. They manufacture telecommunication equipment and software for consumers network operators and commercial government and industrial customers. They also produce embedded semiconductor solutions embedded electronic systems digital and analog systems and set-top terminals for broadband cable television operators. Motorola Inc. has a market cap of $23.4 billion; its shares were traded at around $10.33 with P/S ratio of 0.67. The dividend yield of Motorola Inc. stocks is 2.8%.
Added: Amylin Pharmaceuticals Inc. (AMLN)
Carl Icahn added to his holdings in Amylin Pharmaceuticals Inc. by 7.07%. His purchase prices were between $25.99 and $32.32, with an estimated average price of $29.4. The impact to his portfolio due to this purchase was 0.23%. His holdings were 6,787,649 shares as of 06/30/2008.
Amylin Pharmaceuticals is a biopharmaceutical company committed to improving lives through the discovery development and commercialization of innovative medicines. Amylin has developed and gained approval for two first-in-class medicines for diabetes SYMLIN injection and BYETTA injection. Amylin's research and development activities leverage the company's expertise in metabolism to develop potential therapies to treat diabetes and obesity. Amylin is located in San Diego California with over one thousand five hundred employees nationwide. Amylin Pharmaceuticals Inc. has a market cap of $4.7 billion; its shares were traded at around $34.21 with P/S ratio of 5.71.
New Purchase: Yahoo! Inc. (YHOO)
Carl Icahn initiated holdings in Yahoo! Inc.. His purchase prices were between $21.33 and $28.67, with an estimated average price of $26.3. The impact to his portfolio due to this purchase was 23.43%. His holdings were 55,029,056 shares as of 06/30/2008.
Yahoo! Inc. is a global Internet communications commerce and media company that offers a comprehensive branded network of services. As one of the first online navigational guides to the World Wide Web Yahoo! is one of the leading guides in terms of traffic advertising and household and business user reach. The company also provides online business and enterprise services designed to enhance the productivity and Web presence of Yahoo!'s clients. Yahoo! Inc. has a market cap of $28.33 billion; its shares were traded at around $20.44 with a P/E ratio of 28.47 and P/S ratio of 3.90.
New Purchase: WCI Communities Inc. (WCI)
Carl Icahn initiated holdings in WCI Communities Inc.. His purchase prices were between $1.55 and $3.92, with an estimated average price of $2.5. The impact to his portfolio due to this purchase was 0.14%. His holdings were 4,816,450 shares as of 06/30/2008.
WCI Communities Inc. based in Bonita Springs Florida has been creating amenity-rich leisure-oriented master planned communities throughout Florida. WCI?s homebuilding operations serve move-up pre-retirement and retirement homebuyer. They develop homes and luxury residential towers. WCI also derives income from amenity operations such as golf restaurants and marinas as well as from real estate services businesses. WCI Communities Inc. has a market cap of $ million; its shares were traded at around $0.66 .
New Purchase: Emisphere Technologies Inc. (EMIS)
Carl Icahn initiated holdings in Emisphere Technologies Inc.. His purchase prices were between $1.44 and $2.4, with an estimated average price of $1.8. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 86,430 shares as of 06/30/2008.
Emisphere Technologies is a biopharmaceutical company focused on the development of a family of oral heparin products; the application of proprietary synthetic chemical compounds to serve as ``carriers`` to facilitate the transport of therapeutic macromolecules and other compounds across biological membranes; and the development in conjunction with the company's pharmaceutical collaborators of oral formulations of selected therapeutic macromolecules. Emisphere Technologies Inc. has a market cap of $125.29 million; its shares were traded at around $4.13 with P/S ratio of 80.43.
Reduced: Time Warner Cable Inc. (TWC)
Carl Icahn reduced to his holdings in Time Warner Cable Inc. by 60.88%. His sale prices were between $26.18 and $30.51, with an estimated average price of $28.4. The impact to his portfolio due to this sale was -0.61%. Carl Icahn still held 1,842,834 shares as of 06/30/2008.
Time Warner Cable Inc. is the second-largest cable operator in the U.S. and an industry leader in developing and launching innovative video data and voice services. They deliver their services to customers over technologically-advanced well-clustered cable systems that pass approximately 26 million homes. Time Warner Cable Inc. has a market cap of $26.91 billion; its shares were traded at around $27.54 with a P/E ratio of 24.61 and P/S ratio of 1.63.
Sold Out: BEA Systems Inc. (BEAS)
Carl Icahn sold out his holdings in BEA Systems Inc.. His sale prices were between $19 and $19.19, with an estimated average price of $19.1. The impact to his portfolio due to this sale was less than 0.01%.
BEA Systems Inc. has a market cap of $ million; its shares were traded at around $19.01 .
Sold Out: GUARANTY FIN GROUP (GFG)
Carl Icahn sold out his holdings in GUARANTY FIN GROUP. His sale prices were between $4.85 and $11.94, with an estimated average price of $7.7. The impact to his portfolio due to this sale was less than 0.01%.
Guaranty Financial Group is the second largest publicly-traded financial institution holding company. GFG operates Guaranty Bank which engages in consumer and business banking activities through a network of banking centers in Texas and California. Guaranty Bank also provides financing to middle market companies independent energy producers and the real estate industry. The company also operates an insurance agency Guaranty Insurance Services Inc. GUARANTY FIN GROUP has a market cap of $200.84 million; its shares were traded at around $4.5 with P/S ratio of 0.57.
Sold Out: Perry Ellis International Inc. (PERY)
Carl Icahn sold out his holdings in Perry Ellis International Inc.. His sale prices were between $21.06 and $27.26, with an estimated average price of $23.5. The impact to his portfolio due to this sale was less than 0.01%.
Perry Ellis International Inc. is a leading designer distributor and licensor of a broad line of high quality men's and women's apparel accessories and fragrances. The company's collection of dress and casual shirts golf sportswear sweaters dress and casual pants and shorts jeans wear active wear and men's and women's swimwear is available through all major levels of retail distribution. The company through its wholly owned subsidiaries owns a portfolio of nationally and internationally recognized brands including Perry Ellis Jantzen Cubavera Munsingwear Savane Original Penguin Grand Slam Natural Issue Pro Player the Havanera Co. Axis Tricots St. Raphael Gotcha Girl Star and MCD. The company enhances its roster of brands by licensing trademarks from third parties including Dockers for outerwear Nike and JAG for swimwear and PING and PGA TOUR for golf apparel. Perry Ellis International Inc. has a market cap of $396.74 million; its shares were traded at around $25.27 with a P/E ratio of 14.06 and P/S ratio of 0.45.
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