The stock market rally should be call the “Icahn and Kerkorian Show”

[Coronita]

I think I found the next equity market "hype"….

Follow where billionaire corporate raiders are going to pump and dump. Doesn't matter fundamentals. Just listen them when they say "split up".

 

A few weeks ago, i mentioned about BEA Systems that Carl tooke a stake and pushed for a sale, which now Oracle put a huge premium on at 6.67 billion.

http://biz.yahoo.com/rb/071012/beasystems_oracle.html?.v=13

Then there's Motorola. Which since Carl Icahn went saying it should be chopped up, has rallied on speculation. (MOT)

http://biz.yahoo.com/rb/071012/motorola_icahn.html?.v=3

 

Now Biogen Idec is trying to spin Icahn into this as well.

http://online.wsj.com/article/SB119222241069757643.html?mod=yahoo_hs&ru=yahoo

 

Unfrickin believable. It's getting ridiculous…

Reminds me of what Kerkorian did with General Motors.

 

I'm thinking, maybe someone should assemble an ETF called the Icahn an Kerkorian ETF, which indexes every company the two are trying to chop up. Or at least a Icahn/Kerkorian Index that tracks the companies they have an interest in.

 

[Coronita]

Carl Icahn Info:

 

 

As of 6-30-07 filing

Note: Raised stake in BEAS to 13.2% as of October 2007

New positions: BIIB, AA, KFT, MWV, RDC, BEAS, AL, CCU, LNC, GPN
Sold Out: H, MEDI

Carl Icahn, raised in Queens, New York City, earned a reputation as a corporate raider after his hostile takeover of TWA in 1985. He was educated at Princeton University (A.B., Philosophy, 1957) and New York University School of Medicine, where he dropped out before graduation. Carl Icahn, like many others in the 1980s, made his billionaire fortune in large part because of financier Michael Milken's junk bonds.

Icahn is a director of Blockbuster Inc, and the chairman of Imclone, American Real Estate Partners LP, XO Communications Inc, WestPoint Home Inc. and American Railcar. Also he is a beneficial owner of Adventrx Pharmaceuticals Inc, Hollywood Entertainment, National Energy Group Inc, Vector Group Ltd and has significant holdings in Time Warner Inc. He has casino interests in Las Vegas, Nevada, including the Stratosphere, Arizona Charlie's Boulder and Arizona Charlie's Decatur, which are operated through American Entertainment Properties, a subsidiary of Icahn's major company American Real Estate Partners. Icahn has also tried to take over Marvel Comics.

[Coronita]

Carl Icahn Info:

 

 

As of 6-30-07 filing

Note: Raised stake in BEAS to 13.2% as of October 2007

New positions: BIIB, AA, KFT, MWV, RDC, BEAS, AL, CCU, LNC, GPN
Sold Out: H, MEDI

Carl Icahn, raised in Queens, New York City, earned a reputation as a corporate raider after his hostile takeover of TWA in 1985. He was educated at Princeton University (A.B., Philosophy, 1957) and New York University School of Medicine, where he dropped out before graduation. Carl Icahn, like many others in the 1980s, made his billionaire fortune in large part because of financier Michael Milken's junk bonds.

Icahn is a director of Blockbuster Inc, and the chairman of Imclone, American Real Estate Partners LP, XO Communications Inc, WestPoint Home Inc. and American Railcar. Also he is a beneficial owner of Adventrx Pharmaceuticals Inc, Hollywood Entertainment, National Energy Group Inc, Vector Group Ltd and has significant holdings in Time Warner Inc. He has casino interests in Las Vegas, Nevada, including the Stratosphere, Arizona Charlie's Boulder and Arizona Charlie's Decatur, which are operated through American Entertainment Properties, a subsidiary of Icahn's major company American Real Estate Partners. Icahn has also tried to take over Marvel Comics.

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