It’s obvious that Carl Icahn can make himself be heard. But can he make the average investor any money?
Icahn, the billionaire activist investor, has been unusually active and vocal lately. Beginning last October with the disclosure of a nearly 10% position in Netflix Inc. (NFLX), the 77-year-old investor has focused his opportunistic agitation on several high-profile situations.
Since then, Icahn has built a 15.5% stake in Herbalife Ltd. (HLF), an apparent score-settling gesture with outspoken Herbalife bear William Ackman of Pershing Square Capital. This feud famously took to the airwaves during a live insult-trading episode on CNBC. In recent weeks, Icahn has also rattled the CEO suite at energy-services giant Transocean Ltd. (RIG) and barged into the cozy plan for Michael Dell and Silver Lake partners to take Dell Inc. (DELL) private.
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