Posts for Ticker ‘IEP’

Is Carl Icahn Stealing XO? (XOHO, IEP)

Broken Money Merger ImageXO Holdings, Inc. (OTCBB: XOHO) is not a usual company we’d cover because of the size and because of the Bulletin Board status.  But this week we have been getting multiple inquiries about this stock.  Usually on OTC stocks about all we see are stocks being touted, but that is not the case here.  Carl Icahn is involved in this company as majority holder, and he’s trying to buy the rest of the company that he does not own for $0.55 per share.  This is the old XO Communications, the competitive local exchange carrier or CLEC, although that term slowly disappeared over the last decade.

Icahn is of course the Chairman of Icahn Enterprises, L.P. (NYSE: IEP) and has been influential in many mergers.  This time he is the buyer rather than a holder trying to command a higher price.  It might have been easy for the world to forget about XO, but the company has held its ground in an almost forgotten sub-sector of the telecom sector.  After taking a look through the books, it turns out that its business is still generating more than $1.4 billion in annual revenue.  But that is not profitable for common holders.
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Posted on: July 31, 2009 – 11:29 am in Activist Investor, Mergers and Buy Outs, OTC, Private Equity, Telecom, ,

Carl Icahn Holdings Show No Immunity To Market (IEP, BIIB, AMLN, MOT, YHOO, WMB, APC, TWX, TWC, AMD, TELK, QRCP, LEA, TIN, JCP)

Billionaire and activist investor Carl Icahn has made some  large changes to his portfolio holdings.  He and Icahn Capital, L.P. have not been immune to the market sell-off as you have seen in his Icahn Enterprises, L.P. (NYSE: IEP) share performance.  Here we have commented on some of his larger stakes and larger changes or exits in positions.

Stock Tickers noted as IEP, BIIB, AMLN, MOT, YHOO, WMB, APC, TWX, TWC, AMD, TELK, QRCP, LEA, TIN, and JCP.
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Posted on: February 14, 2009 – 2:16 pm in Activist Investor, Insider Activity, Value Investing, , , , , , , , , , , , , , , ,

Icahn Buys More Lions Gate After Major Drop (LGF, IEP)

money_stack_pic4After the close of trading, there was an SEC filing showing that billionaire and activist investor Carl Icahn now controls more than 10.5%  of Lions Gate Entertainment Corp. (NYSE: LGF).  This was on the heels of a huge drop today.
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Posted on: February 10, 2009 – 5:41 pm in Activist Investor, Entertainment, Insider Activity, , , , , ,

Guru Investment Watch: Buffett, Icahn, Gates, Peltz, Heebner

Money_stack_picThis week was a huge week as far as getting to see what the large funds and key money managers or investment gurus were putting into their portfolios.  We compiled lists and lists of investment holdings from the great investors.  Out of these came investment holdings from Warren Buffett and Berkshire Hathaway (NYSE: BRK-A; BRK-B), Carl Icahn and Icahn Enterprises, L.P. (NYSE: IEP), Bill Gates and his Cascade investment vehicle, Nelson Peltz and Trian, and finally Ken Heebner’s CGM FOCUS FUND (CGMFX).  All of these billionaires or gurus have been broken down individually below.

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Posted on: August 16, 2008 – 6:31 am in Activist Investor, Buffett, Financial Stocks, Mutual Funds, , , , , ,

Carl Icahn Weighed Down By Investments (IEP, BIIB, MOT, YHOO, FDML)

Icahn_logo_2Icahn Enterprises LP (NYSE: IEP) is perhaps known more for its billionaire owner/founder Carl Icahn more than it is for its staff, team efforts, and even the enterprise’s name.  Icahn’s investment vehicle posted a loss for Q2-2008 as investment losses mounted.  The company lost $98.8 million versus a profit of $64.2 million year over year from Q2-2007.

So far, Icahn’s investments in Biogen-Idec (NASDAQ: BIIB), Motorola (NYSE: MOT), and Yahoo! (NASDAQ: YHOO) are only partly offset by the recent gains (unrealized) in ImClone Systems (NASDAQ: IMCL).  Being an activist investor made Carl Icahn a billionaire. That hasn’t made him immune to making wrong investment activist target picks.

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Posted on: August 12, 2008 – 9:47 am in Activist Investor, , , , ,

Icahn Takes Larger Stake in Enzon (ENZN, IEP)

In an SEC Filing, it was disclosed that Carl Icahn has taken a larger stake as an activist in Enzon Pharmaceuticals Inc. (NASDAQ: ENZN).  The stake is listed as 6.93% for just over 3.07 million shares. 

Icahn Capital was already a holder as of last year.  Icahn is suggesting disappointment over the price of the company and he has suggested strategic alternatives including a sale of the company.  The group has held talks with management and plans to seek further discussions.

Enzon shares were in negative territory for the day, but now shares are up almost 5% at $8.90.  The 52-week trading range is $6.31 to $10.36.

This is via entities such as High River Limited Partnership, Hopper Investments LLC, Barberry Corp., Icahn Partners Master Fund LP, Icahn Partners Master Fund II LP, Icahn Partners Master Fund III LP, Icahn Offshore LP, Icahn Partners LP, Icahn Onshore LP, Icahn Capital LP, IPH GP LLC, Icahn Enterprises Holdings L.P. (NYSE: IEP), Icahn Enterprises G.P. Inc., Beckton Corp., and Carl C. Icahn himself.

Jon C. Ogg
March 14, 2008

Posted on: March 14, 2008 – 11:43 am in Activist Investor, Biotech, ,