After making up with Bill Ackman, Carl Icahn could be licking his activist wounds to a certain degree. The fund manager with among the loudest hedge fund voices might have found a little difficulty as of late, but should investors consider buying this stock on drawdown? Icahn reported a slight earnings miss yesterday. Revenue for the quarter was $5 billion, slightly under the street number of $5.4 billion. But what wasn’t on the financials was a significant trading risk and a slight speed bump in the intimidation column. On May 5, Icahn shareholders were granted a quarterly distribution in the amount…
Icahn Delivers Slightly Under Estimates, But Focus Is On Ackman
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.