The aging billionaire investor, Carl Icahn maybe praying for Yahoo stocks to do exceptionally good. The investor has lost more than half the value of his $1.78 billion investments in the sinking company. In cash he and his affiliates’ loss totals to more than $950 million. Despite all these losses, Icahn continues to buy more shares to boost his stakes, the reason:
Yahoo is undervalued and opposes breaking up the company in a piecemeal sale
I hope his optimism proves fruitful.
