Carl Icahn is money in the bank! Buy Motorola (MOT)
Carl Icahn is a well known investor and businessman that has amassed a great fortune from buying and selling major companies. Some have labeled Icahn a "corporate raider" or "imperial shareholder" that is only out to tear companies apart for short term profits, but he refers to himself as a "shareholder activist" that is keeping managers accountable. Throughout the 1980s Icahn profited greatly from major companies like the airline TWA (Trans World Airlines), USX (United States Steel Corporation), and Texaco oil. According to Forbes, his net worth stands at $8.7 billionAccording to Yahoo! Insider Trades
AMER REAL ESTATE LP : Reported 30-Jun-05 (around $28), 55 million shares, now $116.
(ACP)
IMCLONE SYSTEMS : Reported 14-Sep-06 (around $30), 11 million shares, now $42 .
(IMCL)
LEAR CORP. : Reported 7-Oct-06 (around $21), 12 million shares, now $37.
(LEA)
Carl Icahn's Current Stock Portfolio
Carl Icahn finds his inner geek - Article
Why Icahn May Hurt Motorola - Article
I am kicking myself when I had the chance to buy IMCL at $28.....I'm not going to miss the opportunity again now with Motorola (MOT). Carl Icahn has acquired 2.7% stake and hopes to get the board to use up all it's cash for share repurchases which should boost it's stock price.
Motorola currently trades close to it's 52 week low at $17.59. (You're buying it below Icahn's price) but cash per share of MOT is $6.54! Has only a 1% short position. Motorola is a recognizable global brand but in a business with lots of competitors. However at this price level, and following the coattails of an investing guru, I'll take my chances. This a speculative play with a short term trade time horizon of 6 months to year.
It's the long Easter Weekend, so there's plenty of time for you to do some more research. Remember, don't buy all at once and buy in wide scales...
Labels: carl icahn, MOT
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1 Comments:
I have been reading your blog for the past hour or more and really enjoy it.
A link has been added to my own blog that tracks my stock purchases.
Do you have any advice for smaller investers (purchases of $300-$500 of stock per month), and what do you mean by "buy in wide scales"?
I was thinking of buying $300 of MOT, but I also have my eye on BAC, ORCL, and T.
With limited funds, I am finding it very hard to pick between all of these.
Thanks,
Charles
cwoodruff.blogspot.com
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