Carl Icahn keeps shaking up companies through his brand of activist investing. His biggest trading position, a bet on the shares of Apple, has performed very well, but those gains were offset in 2014 by Icahn's holdings in various energy companies that got clobbered by the drop in crude oil prices. Shares of Icahn's publicly-traded investment vehicle, Icahn Enterprises, have fallen by some 8% in the last year. At 79, however, Icahn remains as active as ever in the financial markets. He recently helped break-up crane-maker Manitowoc and won a seat on its board and on its food service division that is now slated to be spun off. He is trying to get board seats at Gannett. He also continues to support Herbalife, the diet shake seller that rival hedge fund billionaire Bill Ackman calls a pyramid scheme.
Donald Trump states the USA is being killed on trade and would have people such as Carl Icahn working for the USA to change the trade gap. He is a hedge fund manager trusted by Wall Street folks.
August 17, 2015
Carl Icahn (click here) recently filed his 13F (click here) for the second quarter of the year, disclosing his long equity
stakes as of June 30, 2015. On top of his much-discussed Netflix, Inc. (NASDAQ: NFLX) closure, the quarter saw three more moves from the billionaire.
Following
these transactions, Icahn’s equity portfolio’s value fell from $32.05
billion to $31.2 billion. This concentrated portfolio comprises 21
stocks, and is mostly focused on information technology and industrials
stocks, each of which account for 35 percent of the portfolio’s total
value.
Icahn’s most
talked-about move of the quarter was the closing of his position in
Netflix. Having juiced the bet enough, the investor decided to sell all
of his 9,883,482 shares (the number reflects the post-split amount of
shares), worth more than half a billion dollars.
Netflix is receiving competition to it's expansion plans.
August 19, 2015
By Toby Shapshak
A newly-launched South African (click here) video-streaming service has the whole country abuzz as locals wait for Netflix NFLX -1.64% to arrive. Called ShowMax, it could derail Netflix’s plans not only in South Africa, but across the African continent.
ShowMax is a new division of South African media giant Naspers , whose DStv satellite service is the continent’s dominant broadcaster with some 10.2-million customers across 50 countries in sub-Saharan Africa....
Some of his interests are traditional conservative companies. Today, he is purchasing stocks in nitrogen trading. There are several companies in the USA that produce nitrogen. What is special about nitrogen? Plant fertilizer. There is a merger between two nitrogen companies and Carl Icahn is investing in the sector. That is a standard and more secure investment. It is a known product with a defined market and is a sure thing.
Carl Icahn has a good deal of knowledge about "the market." He probably can bring a traditional policy to any administration. That maybe a safe bet by Donald Trump, but, he is definitely Wall Street. In that if Carl Icahn were responsible for USA trade in closing the trade balance he would bring time tested approach. That is mostly good for government. No one wants a 'hair on fire' approach to balancing the trade gap for the USA.
August 19, 2015
By Alexandr Oleinic
Billionaire activist investor Carl Icahn has disclosed a 59.7% stake in Rentech Nitrogen Partners LP (NYSE:RNF), which contains 23.25 million common units representing limited partner interests, and which was obtained following the company’s merger with CVR Partners LP (NYSE:UAN). CVR Partners was formed by CVR Energy, Inc. (NYSE:CVI) to operate its nitrogen fertilizer business. CVR Energy subsidiaries own a majority of CVR Partners common stock, while Icahn controls around 80% of CVR Energy. Carl Icahn’s firm, Icahn Enterprises LP (NASDAQ:IEP), and its affiliates received the shares under the terms of a Voting Agreement with Rentech....
Netflix is receiving competition to it's expansion plans.
August 19, 2015
By Toby Shapshak
A newly-launched South African (click here) video-streaming service has the whole country abuzz as locals wait for Netflix NFLX -1.64% to arrive. Called ShowMax, it could derail Netflix’s plans not only in South Africa, but across the African continent.
ShowMax is a new division of South African media giant Naspers , whose DStv satellite service is the continent’s dominant broadcaster with some 10.2-million customers across 50 countries in sub-Saharan Africa....
Some of his interests are traditional conservative companies. Today, he is purchasing stocks in nitrogen trading. There are several companies in the USA that produce nitrogen. What is special about nitrogen? Plant fertilizer. There is a merger between two nitrogen companies and Carl Icahn is investing in the sector. That is a standard and more secure investment. It is a known product with a defined market and is a sure thing.
Carl Icahn has a good deal of knowledge about "the market." He probably can bring a traditional policy to any administration. That maybe a safe bet by Donald Trump, but, he is definitely Wall Street. In that if Carl Icahn were responsible for USA trade in closing the trade balance he would bring time tested approach. That is mostly good for government. No one wants a 'hair on fire' approach to balancing the trade gap for the USA.
August 19, 2015
By Alexandr Oleinic
Billionaire activist investor Carl Icahn has disclosed a 59.7% stake in Rentech Nitrogen Partners LP (NYSE:RNF), which contains 23.25 million common units representing limited partner interests, and which was obtained following the company’s merger with CVR Partners LP (NYSE:UAN). CVR Partners was formed by CVR Energy, Inc. (NYSE:CVI) to operate its nitrogen fertilizer business. CVR Energy subsidiaries own a majority of CVR Partners common stock, while Icahn controls around 80% of CVR Energy. Carl Icahn’s firm, Icahn Enterprises LP (NASDAQ:IEP), and its affiliates received the shares under the terms of a Voting Agreement with Rentech....
The descriptor of the billionaire as an activist is interesting. Perhaps he is more controversial than his current investment reveals. Carl Icahn's name is included in the example of an activist investor. He probably coined the phrase.
Private equity firms, (click here) hedge funds and wealthy individuals are types of entities that might decide to act as activist investors. One well-known activist investor is Carl Icahn. He has attempted to make major changes at Yahoo!, Blockbuster, Time Warner and RJR Nabisco, among other companies. Other big-name activist investors include Kirk Kerkorian, Bill Ackman, Eddie Lampert and Nelson Peltz.
One indication that a company may have become a target for activist investors is the filing of SEC Form 13D, which must be filed when an investor purchases 5% or more of a company's shares.
Carl Icahn has purchased 59.7 percent in Rentech. That is a majority share holder, hence, ACTIVIST. He can begin to shape the business to a path that will increase the companies income only to sell it later when the stocks have increased value.
Activist Investor = majority stockholder
Recently nitrogen appeared as a method to kill people on death row in Oklahoma. That amount of nitrogen is not the reason Carl Ichan would purchase Rentech. There isn't that much of a market in Oklahoma's death row.
While Donald Trump would consider Carl Ichan for a trade ambassador, there is nothing to say Carol Ichan would consent to it.
Private equity firms, (click here) hedge funds and wealthy individuals are types of entities that might decide to act as activist investors. One well-known activist investor is Carl Icahn. He has attempted to make major changes at Yahoo!, Blockbuster, Time Warner and RJR Nabisco, among other companies. Other big-name activist investors include Kirk Kerkorian, Bill Ackman, Eddie Lampert and Nelson Peltz.
One indication that a company may have become a target for activist investors is the filing of SEC Form 13D, which must be filed when an investor purchases 5% or more of a company's shares.
Carl Icahn has purchased 59.7 percent in Rentech. That is a majority share holder, hence, ACTIVIST. He can begin to shape the business to a path that will increase the companies income only to sell it later when the stocks have increased value.
Activist Investor = majority stockholder
Recently nitrogen appeared as a method to kill people on death row in Oklahoma. That amount of nitrogen is not the reason Carl Ichan would purchase Rentech. There isn't that much of a market in Oklahoma's death row.
While Donald Trump would consider Carl Ichan for a trade ambassador, there is nothing to say Carol Ichan would consent to it.
