Carl's Corner Pt. 3: Riding In His Wake
We couldn’t talk with legendary investor Carl Icahn and not ask about his portfolio. Here’s what’s got his attention these days.
"You have to be worried about derivatives out there,” he tells us. “However I do think some of the bank debt is attractive. Some of that top tier stuff I’ve been buying. Because I think you’ll either own the company or you’ll get paid.”
He didn’t want to talk about individual stocks, however we got a little tidbit on Yahoo! You might remember Icahn owns a large stake in the Internet company and joined the board after the company bungled negotiations with Microsoft.
He tells Fast Money, “Sooner or later there has to be a deal between Microsoft and Yahoo! . I really do believe that.”
It's interesting to note that only a few days ago, Barron's said the huge drop in Yahoo share price could attract a new bid.
We thought you'd be interested.
For the record, Carl Icahn holds seats on the following boards:
Federal Mogul Corp
American Railcar Industries
*Please note on Wednesday October 16th we mistakenly wrote that Mr. Icahn also served on the boards of Atlantic Coast Entertainment Holdings, Great Bay Hotel & Casino, and GB Holdings. We apologize for the confusion.
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Trader disclosure: On Oct.15, 2008, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Adami Owns (AGU), (BTU), (C), (GS), (INTC), (MSFT), (NUE); Seymour Owns (AAPL), (MER), (MSFT); Seygem Asset Management Owns (RIO); Seygem Asset Management Is Short (PBR); Najarian Owns (AAPL) And (AAPL) Puts; Najarian Owns (C) Put Spread; Najarian Owns (GS), Is Short (GS) Calls, Owns (GS) Put Spread; Najarian Owns (MS) And (MS) Puts And Is Short (MS) Calls; Najarian Owns (NOK), Is Short (NOK) Calls, Owns (NOK) Puts; Najarian Owns (RIMM) Call Spread; Terranova Owns (AAPL), (EXM), (FCX), (FTO), (MA), (NOV), (POT), (X), (VLO); Terranova Owns December Dollar Index Futures;
Terranova Is Co-Portfolio Manager Of The Virtus Diversifier PHOLIO; Virtus Diversifier PHOLIO Owns (IGE), (DBC), (DBV)
Terranova Is Chief Alternatives Strategist Of Virtus Investment Partners, Ltd.; Virtus Investment Partners Owns More Than 1% Of (ABD), (ARE), (BIG), (CNW), (OFC), (DLM), (DRH), (DLR), (EPR), (EXR), (FL), (SLB), (LNET), (MAC), (DBC), (DBV), (SKT), (UA), (BLV), (VV), (CLB), (GWX), (IGE), (FSMXX); Virtus Investment Partners Owns Seagate Tax Refund Rights; Virtus Investment Partners Owns Seagate Technology Tax Refund Rights; Virtus Investment Partners Owns More Than 1% Of Shares Of Incitec Pivot Ltd.; Virtus Investment Partners Owns More Than 1% Of Shares Of Essex Property Trust Inc
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