Carl Icahn’s Next No-Brainer? “A Major Sell-Down Of Artificial Market Is Coming”

April 8, 2014 Leave a comment

Carl Icahn’s Next No-Brainer? “A Major Sell-Down Of Artificial Market Is Coming”

Tyler Durden on 03/24/2014 12:53 -0400

Sprinkled in between Herbalife promotion and eBay board decimation, CNBC’s favorite crowd-pleaser Carl Icahn offered a few pearls of wisdom that the TV anchors were un-prepared for:

*ICAHN SEES MAJOR SELL DOWN OF MARKET COMING

*ICAHN CALLS MARKET ARTIFICIAL BECAUSE OF FED POLICY

Of course, Icahn did not specify the timing which provided just enough cover for the talking heads to confirm their “but stocks are a buy” perspective. We wonder whether the “sell-down” is as big a “no-brainer” as many of Carl’s other ideas.

Icahn had plenty to say:

Herbalife…

*ICAHN SAYS SEN MARKEY REQUEST REASON FOR HERBALIFE PROBE BY FTC

*ICAHN TELLS CNBC HERBALIFE IS NOT A PONZI SCHEME

*ICAHN SAYS ACKMAN DIDN’T SCORE BIG VICTORY WITH FTC PROBE

*ICAHN SAYS HE HAS NO PERSONAL ANIMOSITY WITH ACKMAN

Ebay…

*ICAHN SAYS EBAY’S DONOHOE HAS NOT DONE A GOOD JOB

*ICAHN SAYS DONOHOE HAS DONE LESS THAN MEDIOCRE JOB: CNBC

*ICAHN:DOJ SHOULD STEP IN ON EBAY DIRECTOR SCOTT COOK OF INTUIT

*ICAHN SAYS GOOD CORPORATE GOVERNANCE NEEDED: CNBC

Netflix:

*ICAHN SAYS HE SOLD OFF FAIR PERCENTAGE OF HIS NETFLIX HOLDING

*ICAHN SAYS THINKS HE SOLD HALF OR MORE OF HIS NETFLIX HOLDING

*ICAHN SAYS NETFLIX IS A GOOD COMPANY WITH GOOD CEO

The Market…

*ICAHN SEES MAJOR SELL DOWN OF MARKET COMING

*ICAHN DOESN’T SPECIFY TIME FRAME FOR MARKET SELL DOWN

*ICAHN CALLS MARKET ARTIFICIAL BECAUSE OF FED POLICY

 

As an aside, isn’t it stunning that the business media hang on every word out of the billionaire investor’s mouth (and twitter feed) when it is related to a “buy” or an upward move in stocks… but, once it is in the ball-park of something less than a strong buy to the moon, the comments are briskly dismissed as if he were the next Harry Dent…

 

Filed under Macro Trends

Unknown's avatarAbout bambooinnovator
Kee Koon Boon (“KB”) is the co-founder and director of HERO Investment Management which provides specialized fund management and investment advisory services to the ARCHEA Asia HERO Innovators Fund (www.heroinnovator.com), the only Asian SMID-cap tech-focused fund in the industry. KB is an internationally featured investor rooted in the principles of value investing for over a decade as a fund manager and analyst in the Asian capital markets who started his career at a boutique hedge fund in Singapore where he was with the firm since 2002 and was also part of the core investment committee in significantly outperforming the index in the 10-year-plus-old flagship Asian fund. He was also the portfolio manager for Asia-Pacific equities at Korea’s largest mutual fund company. Prior to setting up the H.E.R.O. Innovators Fund, KB was the Chief Investment Officer & CEO of a Singapore Registered Fund Management Company (RFMC) where he is responsible for listed Asian equity investments. KB had taught accounting at the Singapore Management University (SMU) as a faculty member and also pioneered the 15-week course on Accounting Fraud in Asia as an official module at SMU. KB remains grateful and honored to be invited by Singapore’s financial regulator Monetary Authority of Singapore (MAS) to present to their top management team about implementing a world’s first fact-based forward-looking fraud detection framework to bring about benefits for the capital markets in Singapore and for the public and investment community. KB also served the community in sharing his insights in writing articles about value investing and corporate governance in the media that include Business Times, Straits Times, Jakarta Post, Manual of Ideas, Investopedia, TedXWallStreet. He had also presented in top investment, banking and finance conferences in America, Italy, Sydney, Cape Town, HK, China. He has trained CEOs, entrepreneurs, CFOs, management executives in business strategy & business model innovation in Singapore, HK and China.

Leave a comment