Carl Celian Icahn (born February 16, 1936) is an American investor, business magnate, and philanthropist. He is the founder and majority shareholder of Icahn Enterprises, a diversified conglomerate holding company based in New York City, formerly known as American Real Estate Partners. He is also Chairman of Federal-Mogul, an American developer, manufacturer and supplier of powertrain components and vehicle safety products. We dug through his regulatory filings to see if this position matches earlier Carl Icahn predictions, and what we found is big news for the Bristol-Myers stock price. Carl Ichan Stocks: Hertz Global Holdings (NYSE:HTZ) Icahn Enterprises (NASDAQ:IEP) Herbalife (NYSE:HLF). So far, Icahn's bets haven't paid off, with Icahn Enterprises investment funds losing 12.8% in the first three months of 2016, but the famed investor is betting big that he will be proved right in the long run. Icahn, who for years has been a staunch critic of the U.S. Fed policy that created a six-year cure for a two-year flu, believes that the Fed "may have backed itself into a corner" by failing to start normalizing interest rates earlier this year. Carl Icahn Predictions 1:The Stock Market Is in a Bubble 2:Herbalife Will Survive 3:The Apple Era Is Over
I own 400 shares of BMY @ $55 that I've accumulated in the last half year or so, and I have long owned shares of IEP - I currently have 300 shares. I have made tons of money riding Icahn's coattails over the years, and I've also lost a few bucks here and there.
Interesting - Fed seems certain to push US base rates aggressively higher during 2017. Will that stall the bull market?
