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☆ Carl Icahn warned against trading stocks, railed against bad bosses, and revealed what drives him in a recent documentary. Here are his 12 best quotes.
▼ + stars: | 2023-03-11 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +5 min

Here are his 12 best quotes from a recent documentary titled "Icahn: The Restless Billionaire." The billionaire investor and Icahn Enterprises chairman also defended activist investing, and railed against bad bosses and overpaid executives, in "Icahn: The Restless Billionaire." Moreover, he revealed that he cares more about spotting golden opportunities than making money, and bemoaned America's enormous wealth gap. You're going against the trend. He just kept going and going until they killed him.

☆ Keith Meister's Corvex Management bets on media companies, cuts big tech and biotech holdings
▼ + stars: | 2023-02-15 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

Corvex Management increased its stakes in media-related companies while slashing technology and biotech investments, according to its latest quarterly 13F filing with the SEC. Crown Holdings was Meister's second-largest acquisition in the fourth quarter, when Corvex bought $74 million of shares. In November, billionaire Carl Icahn disclosed an 8.5% stake in the packaging company once known as Crown Cork & Seal. Corvex in the fourth quarter increased its position in Fomento Economico Mexicano , a Mexican multi-national retail and beverage company, by 9.5%, bringing the holding to almost $200 million. Corvex exited its positions in Amazon , JP Morgan Chase & Co . and Uber in the fourth quarter.

Carl Icahn had a textbook strategy for the Nevada-based energy utility Southwest Gas Holdings. In August, Southwest Gas' board decided against a divestiture, and the sale of subsidiaries that Icahn had urged remains uncertain. "Shareholders don't want to hear it, but you really have great difficulty selling a company at a good price today," the widely followed activist investor Icahn told Insider. via CNBCBut, like Icahn in the case of Southwest Gas, participants in this new onslaught may find themselves confounded by an increasingly complex and fraught business environment. According to Lazard, 37% of activist campaigns this year were launched by first-timers, the highest proportion since the company started tracking these figures in 2015.

Carl Icahn had a textbook strategy for the Nevada-based energy utility Southwest Gas Holdings. In August, Southwest Gas' board decided against a divestiture, and the sale of subsidiaries that Icahn had urged remains uncertain. That means that the sale of companies like Southwest Gas is off the table for the time being — or will get done at prices far lower than before. via CNBCBut, like Icahn in the case of Southwest Gas, participants in this new onslaught may find themselves confounded by an increasingly complex and fraught business environment. According to Lazard, 37% of activist campaigns this year were launched by first-timers, the highest proportion since the company started tracking these figures in 2015.

☆ Cramer's lighting round: I like Danaher over Philips
▼ + stars: | 2022-12-12 | by ( Krystal Hur | ) www.cnbc.com time to read: 1 min

Loading chart...Novo Nordisk A/S : "Other than appreciation, I can not tell you a reason to ring the register." Loading chart...Koninklijke Philips NV : "That's just not a well-enough run company. We own Danaher for the Charitable Trust, and that's the best-run company in the industry." Loading chart...Icahn Enterprises LP : "I don't really know what they own, so it's kind of like a black box. Disclaimer: Cramer's Charitable Trust owns shares of Danaher.

☆ Carl Icahn holds short position in GameStop - Bloomberg News
▼ + stars: | 2022-11-21 | by ( Reuters Staff | ) www.reuters.com time to read: +1 min

(Reuters) - Activist investor Carl Icahn has a sizeable short position in video game retailer GameStop Corp, Bloomberg News reported on Monday, citing sources familiar with the matter. FILE PHOTO: Billionaire activist-investor Carl Icahn gives an interview on Fox Business Network's Neil Cavuto show in New York, U.S. on February 11, 2014. Icahn began shorting the stock around January 2021, the report added but did not provide details of the size of Icahn’s position. Short interest in GameStop’s stock is very high, with 17.53% of the company’s outstanding shares shorted as of Oct. 31, according to Refinitiv data. The retailer executed a four-for-one stock split this year, the stock rose a split-adjusted high of over $120 in Jan. 2021.

☆ Carl Icahn, David Einhorn, and Dan Loeb bet big on Elon Musk ultimately buying Twitter - and likely raked in profits when the deal closed
▼ + stars: | 2022-11-15 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Carl Icahn, Dan Loeb, and David Einhorn built sizeable stakes in Twitter last quarter. Icahn and his team amassed 12.5 million Twitter shares, valued at $549 million on September 30. Similarly, Einhorn's Greenlight Capital scooped up 4.3 million shares, worth $188 million at the end of last quarter. It snapped up 5.5 million shares worth $241 million on September 30. It also purchased bullish call options on 34,000 shares, and bearish put options on 1.1 million shares.

☆ Carl Icahn warns inflation isn't over - and reveals he was building an activist stake in Twitter before Elon Musk's takeover
▼ + stars: | 2022-11-11 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

Carl Icahn brushed off Thursday's stock surge, warning inflation remains a grave concern. Icahn revealed he was building an activist stake in Twitter before Elon Musk came along. He also teased a past bet against cryptocurrencies, and revealed he was planning to launch an activist campaign against Twitter before Elon Musk stepped into the picture. "I was really happy that Musk came along," Icahn said. Icahn might have even joined Musk's bid for the company, but he never received an invite, he noted.

☆ Watch CNBC’s full interview with Icahn Enterprises' Carl Icahn
▼ + stars: | 2022-11-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full interview with Icahn Enterprises' Carl IcahnCarl Icahn, Icahn Enterprises chairman, joins 'Closing Bell: Overtime' to discuss the market rally amid a lower-than-expected CPI report and explains why he's still bearish on the market.

☆ Carl Icahn says he still thinks we are in a bear market despite Thursday's rally
▼ + stars: | 2022-11-10 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Famed investor Carl Icahn said Thursday's relief rally didn't change his negative view on the market, and he believes a recession is still on the horizon. A rally like this is of course very dramatic to say the least... but I still think we are in a bear market." The S&P 500 jumped 5.5% in its biggest rally since April 2020. Big bear-market rallies occur often because of the large short interest built up in the downturn, Icahn said. "We are going to have more wage inflation.

☆ Cramer's lightning round: I can't recommend Icahn Enterprises
▼ + stars: | 2022-10-24 | by ( Krystal Hur | ) www.cnbc.com time to read: 1 min

Loading chart...Icahn Enterprises LP : "I don't know what's in that fund. Loading chart...Constellation Energy Corp : "Constellation Energy is still good." Loading chart...New York Community Bancorp Inc : "I'd rather see you in one that should not be where it is, that yields a very good price and that's Morgan Stanley ." Loading chart...Walgreens Boots Alliance Inc : "I think it may be time to pull the trigger." Disclaimer: Cramer's Charitable Trust owns shares of Morgan Stanley.

☆ Cramer's lightning round: GXO Logistics is a buy
▼ + stars: | 2022-10-06 | by ( Krystal Hur | ) www.cnbc.com time to read: 1 min

Loading chart...Axsome Therapeutics Inc : "They're trying to cure pain. Loading chart...Icahn Enterprises LP : "You don't know what's in it. Loading chart...Loading chart...GXO Logistics Inc : "Buy some here, buy some a little bit lower." That makes that stock a buy in my eyes." So, we can't buy it."

☆ Wall Street's most highly regarded titans are warning 'the worst is yet to come' for stocks. Here's why people like Ray Dalio, Jeremy Grantham, Carl Icahn, and Scott Minerd are bearish on the market's
▼ + stars: | 2022-09-24 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

Ray Dalio, Carl Icahn, Scott Minerd, and Jeremy Grantham all warned in recent days of more downside. In recent days, a number of them — including Ray Dalio, Jeremy Grantham, Scott Minerd, and Carl Icahn — have warned that further downside is coming. Ray Dalio, founder of Bridgewater AssociatesRay Dalio at the MarketWatch Best New Ideas in Money Festival in New York on September 21, 2022. Carl Icahn, founder of Icahn Enterprisesvia CNBCIcahn also pointed out this week that it's a generally bad environment for economic growth and investors with the Fed tightening, which he supports. "I think it's going to be worse before it gets better," Icahn said at the MarketWatch Best New Ideas in Money Festival on Wednesday.

☆ Billionaire investor Carl Icahn warns the US economy has tough days ahead - and blames the Fed for painful inflation
▼ + stars: | 2022-09-22 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Carl Icahn warned that worse days lie ahead for the US economy. The billionaire investor blamed the Fed's easy-money policies for painful inflation. Icahn said he sees plenty of bargains in markets today, and he expects more deals to emerge. Icahn raised the alarm earlier this year on several of the key issues now plaguing financial markets and the economy. Read more: 'Don't just buy the dip': How to adjust your portfolio to benefit from the Fed's rate hikes and rising inflation, according to 3 investing experts

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