Don’t know what’s going through the mind of Carl Icahn, apparently he thinks that the current share price of Yahoo is a Thanks Giving bargain, that’s why he has bought another 6.7 million Yahoo shares for about $65 million. Icahn had previously bought 69 million shares at about $25. At todays $10.58 per share, Icahn’s 76 million shares are worth around $800 million, whereas the investor has spent around $1.7 billion in buying these shares and in order to just break even Icahn would have to sell his stakes at $23 a share – that’s eternal distance considering today’s market conditions.

Comments