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Old 02-15-2024 | 01:12 AM
  #61  
Gets Weekends Off
 
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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.

this guy gets it……
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Old 02-15-2024 | 02:48 AM
  #62  
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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.
So increasing his stake isn’t a concern? Correct me if I’m wrong, but he started out with a 20% stake in TWA and ended up with the whole thing. I agree his MO has always been spinoffs and M&A. I guess we’ll see.
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Old 02-15-2024 | 04:12 AM
  #63  
The REAL Bluedriver
 
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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.
My main concern and counterpoint is to the "he only owns 10%" I hear a lot of guys say.

You do realize he can keep buying correct? He amassed 10% in about a months time. There is nothing to indicate yet that he is done buying.

​​​​​
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Old 02-15-2024 | 04:18 AM
  #64  
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Carl's goal is to likely to replace Joanna, the Chairman, and instill his own members on the board. He doesn't need 51% of the vote to do this; a lot depends on how the remaining instituational shareholders vote, but this scumbag is the best at what he does and he's been doing it for 40+ years.

Our ELT/BOD don't always get it right, but Icahn is a parasite and does not care about your career or future.

This is what Icahn wrote to his shareholders just last year:

"Even when a shareholder wages and wins an activist campaign, boards can be so entrenched that it can take years to implement the needed changes and unlock the value and/or hidden jewel. HOWEVER, WHEN AN ACTIVIST IS SUCCESSFUL IN CHANGING THE BOARD OR THE CEO, GREAT VALUE CAN BE UNLOCKED FOR ALL SHAREHOLDERS AND THIS IS WHY OUR RECORD OVER THE LAST 23 YEARS HAS BEEN SO IMPRESSIVE."
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Old 02-15-2024 | 04:18 AM
  #65  
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Originally Posted by Bluedriver
My main concern and counterpoint is to the "he only owns 10%" I hear a lot of guys say.

You do realize he can keep buying correct? He amassed 10% in about a months time. There is nothing to indicate yet that he is done buying.

​​​​​
If he doesn’t get his way with the BOD, he will certainly keep buying more. Im guessing the 10% is just the start.
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Old 02-15-2024 | 05:46 AM
  #66  
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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.
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Old 02-15-2024 | 05:50 AM
  #67  
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Originally Posted by AYLflyer
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.
I don’t think anyone trusts him. You can acknowledge him and not pée your pants.
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Old 02-15-2024 | 06:19 AM
  #68  
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Originally Posted by gottagetout
If he doesn’t get his way with the BOD, he will certainly keep buying more. Im guessing the 10% is just the start.
Maybe we should buy the shares before he does. Keep Jetblue My Jetblue?
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Old 02-15-2024 | 06:27 AM
  #69  
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Originally Posted by AYLflyer
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.
Who hurt you, I’ll beat them up.
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Old 02-15-2024 | 06:28 AM
  #70  
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Originally Posted by AYLflyer
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.
I don't think anyone is trusting or defending him. It would be different if there was a CBA or LOA we were voting on or something. We're just reading articles and deciding to freak out or not freak out. Aside from bailing out to another airline, there's not really any action any of us can take in response to Ichan's investment.

We're sitting in the cabin on a deadhead hoping the people up front take us where we want to go. Clenching the armrests doesn't make the turbulence go away, might as well relax and enjoy your book or movie.
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