Originally Posted by
Dashbro
This is absolutely nothing like TWA, Icahn took TWA private so he was able to do anything he wanted with it, at 10% he can only nudge the BOD in certain directions and they can still tell him to go pound sand.
I keep hearing people talk about selling off assets, how in the love of God is that going to move the share price in any meaningful direction? Sell some slots; what 5% gain? Sell whatever assets, another 5% in the VERY short term if it does anything at all.
These people don’t get out of bed unless they can get 100%-400% returns relatively quickly. Carl Icahn, but most likely his son (Brett or something) have an idea, and it’s always something big. More than likely it’s an M&A or some sort of spin off play because that’s been their main MO for the last 30 years.
This is not all doom and gloom, a majority of companies that he invested in come out stronger in the end and are still around to this day.
I don't trust this guy one bit, for good reason, and it blows my mind that people will continue to find ways to defend him. Even if he suddenly became a great guy and wants to help us, why would you still trust him after all the crap he's done in the past? Some of the posts defending this guy read like people talking about ex's. "She won't cheat on me
again, I know she's changed now". Newsflash, this guy hasn't changed. He's in it for himself, and I'd rather have someone who doesn't have a history of bankrupting airlines and lining his pockets with the money running our operation.