“Carl Icahn is like an acquaintance that you never hear from until you have something that they need,” Benedict Tubuo writes for Seeking Alpha. “The modus operandi of those types is to show up, schmooze, and then tee you up for the obvious request that you knew from the outset was coming.”
“Carl Icahn is one half that acquaintance and the other half your nightmare,” Tubuo writes. “He is the Czar of activist investing and is of the ilk that shows up when you are vulnerable and holds your head down until you succumb. He is unpretentious and does not beat around bush. He shows up, buys up enough of a stake in your company, states his claim and then goes for broke. But, unlike the aforementioned acquaintance and through Icahn Enterprises L.P. (IEP), investors are afforded the chance to share in Icahn’s greed.”
“Icahn Enterprises returned a lofty 129% in 2013, which clearly indicates that Icahn barks to bite not to scare,” Tubuo writes. “In the matter of Icahn versus Apple Inc. I, however, believe that Icahn is putting Apple in a conspicuously precarious position that might benefit him but ultimately be disastrous to Apple. Not that he cares but I thought I should point it out anyway.”
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