Icahn Enterprises LP (IEP) / Carl Icahn

Icahn Enterprises LP (IEP) / Carl Icahn

Postby winston » Thu Jun 26, 2008 8:48 am

Portfolio Spotlight: Carl Icahn

With all the news about Carl Icahn's strong encouragement of Yahoo!(YHOO - Cramer's Take - Stockpickr) to sell itself to Microsoft(MSFT - Cramer's Take - Stockpickr) for more than $34 per share, focus has been directed to Icahn -- who he is, and in what he invests.

Carl Icahn is the famous corporate raider who got his start with his hostile takeover of TWA in 1985. Not many people are aware that Icahn attended medical school at the New York

University School of Medicine after graduating from Princeton University with a B.A. in Philosophy. He made his billionaire fortune partly from the junk bonds issued by Michael Milken. Icahn's portfolio can be found at Stockpickr.com.

One of the Icahn stocks with the lowest price earnings to growth ratios is Perry Ellis International(PERY - Cramer's Take - Stockpickr), the Miami, Fla.-based apparel company that sells under various brand names including Perry Ellis, Axis, Tricots St. Raphael, Jantzen, John Henry, Cubavera, Natural Issue, Munsingwear, Grand Slam, Original Penguin and C&C California.

The company recently reported that its latest quarterly earnings were down 4% due to integration of recently purchased brands, including Liz Claiborne's C&C California and Laundry Brands, and a closed distribution center. The stock has a P/E of 13 and a PEG of 0.56.

Perry Ellis shows up in an interesting Stockpickr portfolio called Vogue Magazine Sept 07 Advertiser's List, which lists the stocks of companies that advertised in Vogue. Other stocks in the portfolio include Luxottica Group SpA(LUX - Cramer's Take - Stockpickr), with a PEG of 1.27; Nike(NKE - Cramer's Take - Stockpickr), with a PEG of 1.32; and Allergan(AGN - Cramer's Take - Stockpickr), with a PEG of 1.22.

Another stock of Icahn with a low PEG is Lear(LEA - Cramer's Take - Stockpickr), the manufacturer of auto seat systems, electrical distribution systems and other electronic products. The company agreed to buy a 75% stake in the automotive interior fabric manufacturer, New Trend Group. The stock has a P/E of 6 and a PEG of 0.67.

Lear is also owned by another top stock trader, Mohnish Pabrai, who is considered by many to be another Warren Buffett. His fund has had an average annual return of 26.2% since its inception in 1999. Pabrai also owns Ternium S.A.(TX - Cramer's Take - Stockpickr), with a PEG of 1.58; Sears Holdings(SHLD - Cramer's Take - Stockpickr), with a 3.08 PEG; and CryptoLogic(CRYP - Cramer's Take - Stockpickr), with a 0.72 PEG.

( Winston's Comment: Mohnish Pabrai just paid $650,100 to have lunch with Warren Buffett ).

Williams Companies(WMB - Cramer's Take - Stockpickr), the natural gas company, is another Icahn stock with a low PEG ratio. The company recently announced that it spent $670,000 in its first-quarter to lobby on proposed natural gas regulations. The stock has a P/E of 17 and a PEG of 0.90.

Williams is owned by the AIM Energy Fund, a four-star rated fund by Morningstar that is managed by John Segner. The fund has had an average annual return of 31.42% over the last five years. AIM also owns National Oilwell Varco(NOV - Cramer's Take - Stockpickr), with a 0.39 PEG; Occidental Petroleum(OXY - Cramer's Take - Stockpickr), with a PEG of 0.62; and Southwestern Energy(SWN - Cramer's Take - Stockpickr), with a 1.28 PEG.
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Re: Carl Icahn

Postby winston » Fri Oct 24, 2008 8:35 am

Gadfly investor Carl Icahn sees plenty of investment opportunities, despite the fact that the United States is suffering through its worst financial crisis in at least 70 years.

While he expresses caution about investing now, Icahn talks up the energy and pipeline sector.

"Energy has gotten so killed," he says. "Some of these energy stocks and pipeline companies are very cheap right now."

Senior bank debt also represents an attractive investment, Icahn says. "The (senior) debt that the banks loaned to the private-equity groups, for instance, is selling quite cheaply. It might go lower, but it's quite cheap."

He notes that the debt offers 15 percent to 16 percent returns with little risk.

Icahn also sees pharmaceutical companies benefiting from buying biotechnology firms.

Source: NewsMax
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Re: Carl Icahn

Postby winston » Sat Oct 10, 2009 7:22 am

Icahn: Risk of Double Dip, Investor 'Bloodbath' By: Robin Knight

There is a real risk of a double-dip recession and the market is acting in a "schizophrenic" way, which could cause a "bloodbath" for investors, billionaire investor Carl Icahn told CNBC Friday.

"The amateur investor is going to get hit badly again because they're pouring money into these funds. Some of these funds managers I do not think are experienced enough to handle some of the distressed stuff they're buying and they're going to get burned," he said.

Icahn said he still sees investment opportunities in advertising, telecom, the Internet and bankruptcies. But making money out of bankruptcies should only be attempted by the experts, he said.

"We're quite involved in the secular change in the way advertising is going to be done. Obviously the cell-phone business is a growth business," he said.

"You've got secular changes that are hitting the world, especially in the way we buy. So the Internet, I don't have to say - it's obvious, is the great new thing. And advertising on the Internet as apposed to printed media," he added.

Meanwhile, real estate is a perfect example of a good market to short, according to Icahn.

Icahn said he questions why "any individual in their right mind" would buy into Real Estate Investment Trusts (REIT). Investors could never liquidate the underlying value of the buildings on their portfolios, he said.

"I think there's overcapacity in the office market and in shopping centers because you have a secular change in the way retailers are behaving and the way consumers are behaving," he added.

There are still opportunities in the debt markets, but "it's not what it was," he said.

Precarious Position

The economy is in a precarious position and the outlook for consumer confidence and unemployment remains bleak, according to Icahn.

"I think that you have to be cautious. It's on a precipice right now and it could really go either way," he said.

Icahn warned against seeing the recent stock rally as a sign that the economy has turned a corner.

"It's a myth to say the market is a good indicator of the economy. I think individuals are much more of an indictor," he said.

"The market is schizophrenic at this point. So you have trillions of dollars literally in consumers hands, they don't want to spend it, they're afraid to spend it," he added.

http://www.cnbc.com/id/33238210#
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Re: Carl Icahn

Postby winston » Wed Jun 01, 2011 7:40 am

The older we get, the more grumpier we get. Have you seen any "positive" old investors lately ?


Carl Icahn Confesses That The "System Is Not Working Properly", Warns Of Another "Major Problem" Coming
by Tyler Durden

Confirming our ongoing observations that the pursuit of leveraged beta is the only game in town ("Levered Beta Uber Alles: NYSE Borse Margin Debt Jumps To Three Year Highs, Investor Net Worth Remains At Record Lows") is this surprising confession by hedge fund titan Carl Icahn, who not only warns that the levels of leverage achieved in the current centrally planned regime is as bad as it ever was, and that some form of Glass-Steagall should return, but that, stated simply, the entire "system is not working properly."

His warning, stated in a very politically correct fashion, is that "there could be another major problem" either next week, or next year. Which is not surprising: after all not only has anything changed, but the very same drivers of risk that nearly crashed capitalism in Q3 2008, are back and arguably stronger than ever.

That the Fed is the last recourse mechanism preventing an all out systemic wipe out probably should not be a source of comfort to anyone. In the end, the Fed, as any other authoritarian institution promoting central planning, will always lose.

http://www.zerohedge.com/article/carl-i ... lem-coming
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Re: Carl Icahn

Postby winston » Fri Jun 14, 2013 5:20 am

Carl Icahn’s Newest Beneficiary By Monica Wolfe

Carl Icahn is particularly well-known for buying into companies and holding positions which allow him to criticize and ultimately change the upper management of these companies.

In an article for Forbes, Icahn discusses why what he does to companies is good for America. Icahn writes in this article about why he does what he does:

http://www.thetradingreport.com/2013/06 ... neficiary/
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Re: Carl Icahn

Postby winston » Wed Oct 02, 2013 5:55 am

The Smartest Investor on Earth (and It’s Not Warren) By Alexander Green

Dozens of academic studies and more than two decades of personal experience have demonstrated that there is no better “heads-up” in the stock market than top executives and directors piling into their own company’s stock with their own money at current market prices.

http://www.thetradingreport.com/2013/10 ... ot-warren/
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Re: Carl Icahn

Postby winston » Fri Jul 11, 2014 4:49 am

Carl Icahn says 'time to be cautious' on U.S. stocks By Jennifer Ablan

(Reuters) - Billionaire activist investor Carl Icahn said on Thursday that it is time for U.S. stock market investors to tread carefully after the run-up on Wall Street.

"In my mind, it is time to be cautious about the U.S. stock markets," Icahn said in a telephone interview. "While we are having a great year, I am being very selective about the companies I purchase."

U.S. stocks fell on Thursday as concerns about the financial health of Portugal's top listed bank, gave investors a reason to cash in recent gains. The S&P 500 fell as much as 1 percent at one point before sharply rebounding, to close down -0.41 percent at 1964.68.

Source: Reuters

http://www.reuters.com/article/2014/07/ ... Name=usdai
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Re: Carl Icahn

Postby behappyalways » Wed Oct 08, 2014 9:40 am

Six Stocks Owned by Billionaire Carl Icahn
http://finance.yahoo.com/news/six-stock ... 00558.html
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Re: Carl Icahn

Postby behappyalways » Tue Dec 16, 2014 4:04 pm

Carl Icahn on a Junk Bond Bubble, Opportunities in Oil and Why Shareholder Democracy is a Myth
http://www.bloomberg.com/news/2014-12-1 ... -myth.html
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Re: Carl Icahn

Postby behappyalways » Fri Jan 09, 2015 1:06 pm

Carl Icahn: Oil likely to go even lower now

http://finance.yahoo.com/video/carl-ica ... 00006.html
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