Icahn Delivers Slightly Under Estimates, But Focus Is On Ackman

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Mark Melin
Published on
Updated on
Carl Icahn

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…

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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.