Crocodilian

Irate Icahn - Fast Money Recap (9/19/08)

Kinabulu -- Icahn hasn't made any money for anyone but Carl Icahn in a very long time. There's a review of his record at:
www.alleyinsider.com/2...-

It ain't good. . .

Irate Icahn - Fast Money Recap (9/19/08)

@Kinabalu
[quote]
" Icahn is buying TWA? Buy! Buy! I don't care what the price is! Buy! If Icahn is buying, buy!

Icahn had more followers in the mid to late 80s than any other takeover artist. That was because he always made big money.
[/quote]

And how did TWA do? Went broke; Icahn did strip some assets for himself, but that didn't do the shareholder any good. The guy's a greenmailer, who's found a way to harass managements into paying him off. Contrary to the claim, investing alongside Icahn hasn't been much of a strategy-- he'll get bought off, but not you. He seems to have invested heavily in PR seeking an image as a corporate reformer. That's not what his record shows.

Irate Icahn - Fast Money Recap (9/19/08)

"Carl Icahn is angry and when the Queens-born billionaire gets angry, he also gets rich."

Uh huh. Why this guy has any money at all is a mystery. What has he been right about? He's a greenmailer whose reputation vastly exceeds his performance. Look at his involvement in Yahoo-- what happened there? Zero.