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Meet The Icahnator: This Is What Happens When You Piss Off A Billionaire On Prime Time TV

Tyler Durden's picture




 

Everyone recalls the slow motion trainwreck from the afternoon of January 25, when in an epic bitchfest, hedge fund titans Bill Ackman and Carl Icahn screamed at each other telephonically for about an hour on CNBC in what was nothing but one big pissing match. Just over two weeks later, Icahn forced a major squeeze in the stock when as we wrote previously and as we predicted, he disclosed a massive 13% stake, or some 14 million shares in the company built up through stock and calls (essentially costless thanks to Icahn's recent profits on Netflix). What many may not know however, is that for Icahn, the HLF stake was nothing more than a $500 million dollar impulse buy. Why? Because as the chart below, which breaks down the cumulative purchases of HLF stock by various Icahn's funds, shows, the billionaire only held some 1.7 million shares until the January 25 afternoon of his screamfest with Ackman. Then the Monday after the feud Icahn went ballistic, and proceeded to buy some 120,000 shares on Monday and 197,459 option-equivalent shares, after which he tapered off his stock purchases while ramping up the call buys, and buying an epic 10 million share-equivalent calls in the next two weeks, without pause, compassion or remorse, and with just one thought: crush, mangle and destroy Ackman!

Of course, by buying calls instead of stock, Icahn never gave a hint to either markets or dark pools what he was doing (although we commiserate for whoever sold all those calls in bulk as they are now facing tens of millions in margin calls). The other issue is that since Icahn does not control the shares outright, he can't call them in and thus force the "epic squeeze" that would befall the stock if the float was suddenly less than the short interest.

Unless, of course, he and others exercise any of their in the money shares, demanding the physical underlying shares.

But the bigger issue is that the chart above shows for Icahn the HLF purchase is nothing but an escalation of the previous grudge match, with no regard for the fundamentals, and the impulse buy was, paradoxically, driven precisely by Ackman's dare to tender for the company. Because he wants to, and because he can: for Icahn $500 million is literally pocket change.

To loosely paraphrase the Terminator:

That Icahn is out there. He can't be bargained with. He can't be reasoned with. He doesn't feel pity, or remorse, or fear. And he absolutely will not stop, ever, until Ackman is destroyed.

Behold: the Icahnator

 

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Fri, 02/15/2013 - 13:15 | 3246813 ShortTheUS
ShortTheUS's picture

Bill is getting Ackmanhandled by the Icahnator!

Fri, 02/15/2013 - 13:19 | 3246833 BKbroiler
BKbroiler's picture

If you were in your late 70's and worth 14 billion, would you really be getting into pissing matches about money?  kinda sad.

Fri, 02/15/2013 - 13:22 | 3246854 Alpha Monkey
Alpha Monkey's picture

The ego is a funny thing.  It's kinda sad they are worth 14billion imo.... another result of their overpowering ego, again imo.

Fri, 02/15/2013 - 13:31 | 3246873 hedgeless_horseman
hedgeless_horseman's picture

 

 

Just like magic...

Herbalife Cell Activator Supports our body’s absorption process of micro-nutrients and promotes energy production at the cellular level.

If you want to see someone have an embolism, then ask a cell biologist to respond to this claim.

 

Covered wagon medicine show
Take you to the place where the healing flows
Weak in spirit, we got the juice
Won't save your soul, it'll shine your shoes
Treated king to kangaroo
Santa Fe to Timbuktu
Don't be fooled by imitation
This is the stuff that cured a nation
We took the tube and the high plains too
Never stopped long, just passing through
A drop of the laughter of the maids of France
Makes a hopeless cripple dance
It was really vile weather when we got to tarred and feathered
You could hear the six guns sound as they chased us out of town
In India we're all the rave
Discovered that it's great as aftershave
Dropped in the sea, just off Japan
Swapped 20 bottles for an aqua-walkman
Immunity from ridicule
Improves your brains if you're a fool
And I read in the Middle East, they traded some for a hostage release
Now if you're bald it'll give you hair
If you got straight trousers it'll give you flares
Feeling up, you'll get depressed
Out of style, here's a brand new dress
It was really vile weather when we got to tarred and feathered
You could hear the six guns sound as they chased us out of town

The stuff we sell is just the best
Passing all consumer test
Days of heaven, nights of sin
Voodoo stick and sharks fin
When all around you seems like hell, just one sip will make you well
Multipurpose in a jar
If you ain't I'll it'll fix your car
In days of yore for all bad feelings
Washing socks and stripping ceilings
Nowadays it's used medicinally for all known human malady
It was really vile weather when we got to tarred and feathered
You could hear the six guns sound as they chased us out of town

 

Fri, 02/15/2013 - 13:31 | 3246899 fuu
fuu's picture

It's awesome when "markets" are just two little girls fighting over a locket.

Fri, 02/15/2013 - 13:38 | 3246920 Divided States ...
Divided States of America's picture

Its good when these jews are finally trying to gut each other out...I wish they would do that more often.

Fri, 02/15/2013 - 13:41 | 3246926 idea_hamster
idea_hamster's picture

So Ackman goes logically and methodically (good) short based on the threat from US regulatory action (bad).

Icahn goes full-tilt emotionally (bad) long based on no such threat (good).

Honestly, I'd like to see Ackman come out the winner, but betting on SEC or DOJ doing their jobs is a risky, risky bet....

Fri, 02/15/2013 - 13:49 | 3246971 slaughterer
slaughterer's picture

If the SEC/DOJ successfully prosecuted Herbalife as a Ponzi, then, by legal extension, there would 200-300 copy-cat knock-on lawsuits against the Fed for the same crime.   After all, ain't QE kind of like... buying/selling a Herbalife meal? 

Fri, 02/15/2013 - 13:59 | 3247003 TruthInSunshine
TruthInSunshine's picture

Herbalife is an organization that induces "commission-based salespeople" to sell snake oil health supplement "products" to customers (i.e. their family, relatives and friends) using the highly effective methods of guilt, pity & charity developed by the Girl Scouts in their efforts to sell cookies.

Unlike the Herbalife products, the Girl Scout cookies succeed in their advertised and intended purpose.

Fri, 02/15/2013 - 14:08 | 3247056 11b40
11b40's picture

.........and Girl Scout Cookies benefit a worthwhile cause.

Fri, 02/15/2013 - 15:03 | 3247201 Careless Whisper
Careless Whisper's picture

Icahn is old school. 1980s. J.R. Ewing. I like his style.

Fri, 02/15/2013 - 15:23 | 3247295 JR
JR's picture

Yes, if promiscuous sex with abortion is the cause you would have inculcated in your girls. .

As reported by  C–Fam, the pro-life watch dogs at the United Nations, the Girl Scouts had a meeting for girls only at the UN om 2010 which included a Planned Parenthood guide for sex. It was a no-adults-allowed affair; any adult not associated with the Girl Scouts was kicked out.

Said Cathy Ruse: “The Girl Scouts have been officially ‘pro-choice’ for years. Now they’re pushing promiscuous sex on the girls. Here’s an excerpt from page 11 of the Planned Parenthood guide offered at the secret meeting:

'Some people have sex when they have been drinking alcohol or using drugs. This is your choice. Being drunk or high can affect the decisions you might make about sex or safer sex. If you want to have sex and think you might get drunk or high, plan ahead by bringing condoms and lube or putting them close to where you usually have sex.'”

In America's new Ruth Bader-Ginsberg culture, the Boy Scouts are a no-no; the Girl Scouts a yes-yes. Good luck.

Fri, 02/15/2013 - 15:37 | 3247371 BidnessMan
BidnessMan's picture

I was born 40 years too early....

Fri, 02/15/2013 - 15:57 | 3247446 Pure Evil
Pure Evil's picture

Don't forget the Girl Scouts promotion of homosexual lifestyles, which the Boy Scouts are now being pressured to accept. Obviously, both these groups have been targeted by homosexuals as a way to be around children and indulge in their pedophile fantasies. What happened at Penn State with Sandusky would just be a lurid tale compared to what's been going on behind the scences at the Girl/Boy Scouts. In fact the revelations about the coverup of young boys and pedophiles in the Boy Scouts makes the Catholic Church revelations look rather tame. The only thing the Catholic Church has over the Boy Scouts is that they've been at it since priests/nuns were not allowed to marry some few thousand years ago.

Fri, 02/15/2013 - 14:10 | 3247060 slaughterer
slaughterer's picture

T.I.S. +1,000 That was one of your best extended allegories.  Do you have a Ph.D in rhetoric?

Fri, 02/15/2013 - 15:41 | 3247388 gmrpeabody
gmrpeabody's picture

It was good, wasn't it.

Fri, 02/15/2013 - 15:12 | 3247233 Stock Tips Inve...
Stock Tips Investment's picture

They're both very smart and very good investors. I prefer large investors do not have much media exposure. However, in this case I think it was great to hear their arguments ... and see them perform.

Fri, 02/15/2013 - 15:18 | 3247270 ToNYC
ToNYC's picture

The Government doesn't do anything that might affect current cash flows without doing due diligence at the Goldman Sachson's

Fri, 02/15/2013 - 13:46 | 3246959 Larry Dallas
Larry Dallas's picture

And I'm sure that Icahn's LPs are so happy to hear that Carl put his ego aside and used prudence, discretion and thoughtfulness to buy these shares meaningfully; not being rash in his decision at all.

Fri, 02/15/2013 - 13:56 | 3247010 NoDebt
NoDebt's picture

That's what I thought.

Still, I wouldn't have gone and poked that big bear with such a short stick as Ackman used.  Icahn is still fuming over losing that lawsuit to him a few years back.  You know he wants to get the guy.

Ackman called the guy out, Icahn looked at the market cap of HLF, knew from the start he could buy the whole damned thing outright if he had to and decided to pick up the gauntlet that the youngster threw down in front of him.

Game on.  Hopefully Ackman can convince the DOJ or somebody to step in and shut the whole thing down as a ponzi.  Otherwise, I'm afraid Ackman's going to get burned to a crisp on those shorts.

Fri, 02/15/2013 - 14:42 | 3247138 Apocalicious
Apocalicious's picture

He doesn't have LPs anymore. It's just his money...

Fri, 02/15/2013 - 13:53 | 3246992 localsavage
localsavage's picture

Jew on Jew crime.....with million in loses for the looser  ROTLMFAO

Fri, 02/15/2013 - 13:58 | 3247016 caconhma
caconhma's picture

Let them kill each other so the rest of us can live in peace.

Fri, 02/15/2013 - 16:26 | 3247596 Andy Lewis
Andy Lewis's picture

And I wish bigoted filth like you would just drop dead and stop wasting good oxygen.

Fri, 02/15/2013 - 14:46 | 3247147 Mugatu
Mugatu's picture

Why can't these two get a room and just go fuck each other in private!

Fri, 02/15/2013 - 13:47 | 3246960 tarsubil
tarsubil's picture

Herbalife H20 Bio-Solvent Plus. This special blend of a key and essential substance from several diverse sources helps dissolve critical enzymes and micronutrients on a cellular level while also hydrating the body on a cellular level. Only $9.99 for a 4 oz cup of wat... er, I mean H20 Bio-Solvent Plus!

Fri, 02/15/2013 - 13:57 | 3247012 unrulian
unrulian's picture

ahhh....no way...common...is that a real herbalife product? i can get a 6 oz bottle of designer water for half that price

Fri, 02/15/2013 - 14:04 | 3247039 derek_vineyard
derek_vineyard's picture

dont fuck with those rich old fuckers......taking it personally is the only jolly they have left

Fri, 02/15/2013 - 13:24 | 3246870 fonestar
fonestar's picture

Icahn & Ackman, the term "legends in their own minds" comes to my own mind. 

Aging egomaniacs gambling with other sheople's money.

Fri, 02/15/2013 - 13:55 | 3247000 nope-1004
nope-1004's picture

Does either of these two "billionaires" contribute to job growth?  Or are they just high stakes gamblers?  Looks to me like one is a chip bully intent on forcing another players hand to grab their stack.  A wee bit greedy, but that's called "success" these days.

Of course, poker players don't produce jack-shit either, so the analogy is quite applicable.

 

Fri, 02/15/2013 - 13:27 | 3246885 N. B. Forrest
N. B. Forrest's picture

You're missing the point.  When you are in your late 70s and worth 14 Billion, the point is to have fun, not necessarily make money.

 

He was dissed by a young buck and he will have fun making the young buck pay for disrespecting his elder.  I think it's great fun to watch, not the lest bit "sad".

Fri, 02/15/2013 - 13:31 | 3246898 kliguy38
kliguy38's picture

Funny how Nature will have the last laugh on Icahn as Ackman pisses on his grave.......THAT is how it will end for this slimy soap opera......It's a morality play with NO morals

Fri, 02/15/2013 - 13:34 | 3246904 BKbroiler
BKbroiler's picture

You're missing the point

I think you're missing my point.  If at that age and wealth you have nothing to do but inflate a stock to try and ruin another billionaire, you're obviously missing more meaningful endeavours.

Fri, 02/15/2013 - 13:42 | 3246942 N. B. Forrest
N. B. Forrest's picture

I'm not saying that my idea of a good time, but it's obviously Carl's idea of a good time.  A lot of times old people just don't care anymore and will do what ever the hell they want to do.  You know the red-hat-and-purple-wearing-ladies. You may think that old billionaires should go to the synagogue and study the Torah, but obviously Ichan has a different idea of how to spend his sunset years. 

Ackerman was just plain dumb to piss off a Billionaire who doesn't give a fuck. 

Fri, 02/15/2013 - 13:58 | 3247013 Blano
Blano's picture

I think Kirk Kerkorian was around or pushing 90 when he made his play for Chrysler.

Fri, 02/15/2013 - 17:23 | 3247790 ZaphodBeeblebrox
ZaphodBeeblebrox's picture

If I may, I think Kerkorian was more sad. I don't right remember all the details but it was of interest because the legal battle played out in my home town. Kerkorian was in a fit about how the DCX merger went down. From what I understand he went through some grueling witness box time for a man in his mid-80s(2006). All for what, another $1billion at best and the principle of the matter. Even if wasn't a wearisome time, it certainly used up the one commodity he can't buy. Icahn is younger and doesn't have to be tied for more than what it takes to push some buttons or tell someone else to. I'd watch/read this over some made up bullshit reality like Jersey Shore or Biggest Loser, any day of the week.

 

Fri, 02/15/2013 - 14:00 | 3247026 eatthebanksters
eatthebanksters's picture

and?

Fri, 02/15/2013 - 14:46 | 3247144 jballz
jballz's picture

 

Holy fuck what are you doing here?

This is THE GAME. 

Morons watch basketball, buy jerseys and flip burgers or whatever gets them by.

 

We play with money. If you find this match between Ackman and Icahn anything but fucking awesome, you are in the wrong stadium. Go watch jigs throw balls at each other and leave us to our entertainment.

Fri, 02/15/2013 - 15:42 | 3247405 ElvisDog
ElvisDog's picture

I agree. It's a like a real-life version of "Wall Street" with Ackman as Gordon Gecko and Icahn as the other, richer guy.

Fri, 02/15/2013 - 18:59 | 3248047 beachdude
beachdude's picture

Had the same thought...

http://youtu.be/cBXF8dqA0Hw

Fri, 02/15/2013 - 13:38 | 3246923 ElvisDog
ElvisDog's picture

Exactly. Making more money is fun, but putting the screws to a competitor who called you out on national TV is more fun.

Fri, 02/15/2013 - 14:15 | 3247078 11b40
11b40's picture

That's right....it's hard to get 'stimulated' when you are 74 ( I would guess), but I bet this really gave Ichan a shot of adrenelin every time he picked up another block of options.

Now, he has a new goal - a new reason to get up and get going every morning.

 

Fri, 02/15/2013 - 13:28 | 3246887 N. B. Forrest
N. B. Forrest's picture

Double post

Fri, 02/15/2013 - 13:58 | 3247011 eatthebanksters
eatthebanksters's picture

Why does a dog lick his balls?...because he can!

Fri, 02/15/2013 - 22:00 | 3248482 Buck Johnson
Buck Johnson's picture

No you wouldn't and I think Icahan was ticked because Ackman was telling the truth. 

Fri, 02/15/2013 - 13:24 | 3246868 Canadian Dirtlump
Canadian Dirtlump's picture

I like your hair bro.

 

Either way, operation blowtorch the whippersnapper seems to be going along as planned. lmao.

Fri, 02/15/2013 - 13:45 | 3246950 slaughterer
slaughterer's picture

It is only Round 3: Bill will outwit Icahn in the end.  It will be a kind of gay patricide, but a patricide anyhow.  Do not underestimate the swarmy arrogance of the ACKMANATOR:  kind of like Edward Norris meets Superman.   But, yeah, sucks to be invested in Pershing right now.  (And ZH plays the Schadenfreude card so well once again.)

Fri, 02/15/2013 - 14:28 | 3247099 toys for tits
toys for tits's picture

It's been alleged by the Tyler(s) that Icahn is attacking Ackman on another front by attempting to send JCP into involuntary bankruptcy.  Ackman has about 18% of JCP.

Fri, 02/15/2013 - 13:15 | 3246814 PUD
PUD's picture

PSYCHOPATHS WITH LOTS OF MONEY...I HOPE THEY BOTH BLOW UP

Fri, 02/15/2013 - 13:16 | 3246815 philosophers bone
philosophers bone's picture

I don't know the facts about Herbalife but simply say this:  If regulators look at Herbalife and conclude that it either is not a "ponzi scheme" or that there is a reasonable argument that it is not a "ponzi scheme", Bill Ackman needs to be charged with market manipulation and go to jail.  You can't have people shorting the stock and then going public with dogmatic statements knowing that they will tank the stock.

In other words, the regulators need to look just as hard at Bill Ackman as they do Herbalife.

Again, I am not drawing any conclusions, just stating the ground rules.

Fri, 02/15/2013 - 13:18 | 3246832 francis_sawyer
francis_sawyer's picture

rules?

Fri, 02/15/2013 - 13:24 | 3246864 tradewithdave
tradewithdave's picture

Rule... Old guys rule.

Fri, 02/15/2013 - 13:58 | 3247014 lasvegaspersona
lasvegaspersona's picture

rules?

Fri, 02/15/2013 - 13:19 | 3246838 rehypothecator
rehypothecator's picture

Read the 300-page pdf.  If Herbalife isn't a pyramid scheme, nothing is.  Then again, if the SEC isn't a legitimate law enforcer of securities laws, nothing is.  (Free Jon Corzine!!) 

Fri, 02/15/2013 - 13:26 | 3246881 philosophers bone
philosophers bone's picture

I try to follow the example of lawmakers, MSM and journalists and not actually read primary source documents.

Fri, 02/15/2013 - 13:24 | 3246869 Lord Blankcheck
Lord Blankcheck's picture

"pyramid scheme"

Fri, 02/15/2013 - 14:03 | 3247037 philosophers bone
philosophers bone's picture

Thanks.  I stand corrected.  Same logic still applies.

Fri, 02/15/2013 - 13:29 | 3246818 CaptainSpaulding
CaptainSpaulding's picture

Thank God i left my clothes, Boots and motorcycle at home

http://www.youtube.com/watch?v=fBKMRUyWU38

Fri, 02/15/2013 - 13:16 | 3246819 Againstthelie
Againstthelie's picture

But what does that a shortsqueeze change about the facts, that everyone can read in the presentation Ackman made public.

If Herbalife is not a pyramid scheme, what else is one?

Fri, 02/15/2013 - 13:22 | 3246853 mr.Parsifal
mr.Parsifal's picture

Life is a ponzi?

Fri, 02/15/2013 - 13:24 | 3246867 ElvisDog
ElvisDog's picture

Right, but it doesn't matter if Ackman is right or wrong. Icahn is putting the screws to him, and even if the rise in HerbalLife is short-lived it may be long-lived enough to wipe out Ackman.

Fri, 02/15/2013 - 13:17 | 3246822 mayhem_korner
mayhem_korner's picture

 

 

Well...there's the "Olympic Games" and the "X Games."  This must be the ".01% Games"

Fri, 02/15/2013 - 13:17 | 3246827 rehypothecator
rehypothecator's picture

Companies are valued based on either (1) fundamentals, or (2) trying to do harm to people you don't like.  

Fri, 02/15/2013 - 13:20 | 3246842 Shizzmoney
Shizzmoney's picture

I hope that one day, all of these assholes lose every single fucking dime. #whocares

Fri, 02/15/2013 - 13:26 | 3246879 mayhem_korner
mayhem_korner's picture

 

 

I hope their holding ALL of the post-1964 dimes when they become worthless.

Fri, 02/15/2013 - 13:52 | 3246990 moonshadow
moonshadow's picture

They will. The survival rate for everyone...

Fri, 02/15/2013 - 13:20 | 3246846 azzhatter
azzhatter's picture

Icahn is an asshole but a smart one.

Ackman is a vagina, hope that smarmy little prick dies in a fire

Fri, 02/15/2013 - 13:26 | 3246877 ElvisDog
ElvisDog's picture

"We're all dicks, pussies, and assholes. Now, dicks fuck pussies, but they also fuck assholes ......"

Fri, 02/15/2013 - 13:24 | 3246851 LongSoupLine
LongSoupLine's picture

I hope both those shit eating ego bloated fucking hedgefund assholes pops some fucking cyanide laced herbalife vitamins and has their fucking waste of fucking humanity guts burned to a fucking crisp.

 

Fuck you Icahn, Ackman and all you hedgie fucking pumped fiat leaching expert network insider fucking asshole licking ball sack sweat rubbing fuckers.

Fri, 02/15/2013 - 13:34 | 3246905 N. B. Forrest
N. B. Forrest's picture

Do I sense a little hostility?  Or are you just jealous that they've figured out how to make money in large quantities?

Fri, 02/15/2013 - 14:24 | 3247093 adr
adr's picture

Hitler, Mao, Stalin all figured out how to kill millions using the same tactics.

These guys just use currency instead of bullets, the goal is still power over others.

There is no jealousy, it I pure and simple rage that our system allows a person to obtain mas welath without adding a single productive dollar to society.

Did the billionaire become a billionaire because the corporation he runs produce enough product of value to pay him that sum, or bcause the stock market valued his share of the company hundreds of times the produtive worth of the company over 100 years.

Amazon has billions in revenue, but doesn't make a dime. Even over one thousand years, Bezos could never pay himself a billion dollars off the business of Amazon. Yet, he's a billionaire because a paper market says he is.

Good luck existing in the future of the zero sum productive economy. It is coming fast. It has become nearly impossible to make a profit on productive business. When you can't make money producing anything of value, then there is nothing of value to consume.

Fri, 02/15/2013 - 14:41 | 3247129 earleflorida
earleflorida's picture

amazon is the future... like it or not-- and, mr. bezo is a very generous, and crazy (lovely laugh) 'diamond-in-the-ruff' individual, that knows it's the little guy that makes him shine! 'so shine on you crazy diamond'!

http://www.youtube.com/watch?v=BLKiMbCbs2k 

Fri, 02/15/2013 - 13:59 | 3247020 azzhatter
azzhatter's picture

Soup still on fire

Fri, 02/15/2013 - 13:22 | 3246852 Blazed
Blazed's picture

Somone must have a sore sack about the comments, must have struck a nerve. 

Fri, 02/15/2013 - 13:23 | 3246857 israhole
israhole's picture

JEW-FIGHT!

Fri, 02/15/2013 - 13:27 | 3246878 Canucklehead
Canucklehead's picture

It looks like when two Jews fight, the world trembles.  When two Arabs fight... ahh that will never happen.

Fri, 02/15/2013 - 13:56 | 3247002 The Swedish Chef
The Swedish Chef's picture

Where have you been hiding the last two years? The Arabs do nothing but infighting...

Fri, 02/15/2013 - 14:00 | 3247025 Blano
Blano's picture

Did you sleep through the Arab Spring, or take one too many pucks to the head?

Fri, 02/15/2013 - 13:23 | 3246858 jbvtme
jbvtme's picture

why are these two assholes news?

Fri, 02/15/2013 - 13:24 | 3246861 GrinandBearit
GrinandBearit's picture

Two bitchy drama queens... nothing more.

Fri, 02/15/2013 - 13:24 | 3246871 AON
AON's picture

Fuck Carl Icahn and fuck the horse he rode in on.  Proof that being a billionaire doesn't make you an adult.  Oh, poor Carl, he got his feelings hurt.  Poor baby. What a whining sissy ass girlyman.  Isn't it time for you to die yet you useless piece of shit. 

Fri, 02/15/2013 - 13:55 | 3246999 Squealgies
Squealgies's picture

And Please, Please, Please take Jack Welch with you, too!

Fri, 02/15/2013 - 13:26 | 3246876 SonOfSoros
SonOfSoros's picture

These 2 puny wimps don't have the guts to mess with me and my daddy.

So they mess with each other.

Fri, 02/15/2013 - 13:27 | 3246884 debtor of last ...
debtor of last resort's picture

Rulers of the world, these psycho cocks belong behind bars.

Fri, 02/15/2013 - 13:27 | 3246886 Haus-Targaryen
Haus-Targaryen's picture

Lets see if Ackerman fights back. I'd love to see a full page wsj add with a synopsis/highlights of his 300 page PDF. Would be awesome to see the next escalation.

Fri, 02/15/2013 - 13:28 | 3246890 LukeWorm
LukeWorm's picture

He can't be bargained with. He can't be reasoned with. He doesn't feel pity, or remorse, or fear. 

The signs of a psychopath ?

Fri, 02/15/2013 - 13:35 | 3246912 dirtydroog
dirtydroog's picture

You gotta stay solvent longer than you stay correct

Fri, 02/15/2013 - 13:38 | 3246924 q99x2
q99x2's picture

The Bernankinator destroys markets without reason.

Fri, 02/15/2013 - 13:39 | 3246928 Joebloinvestor
Joebloinvestor's picture

Sounds great!

 

They should put them in a ring and have them beat each other with money bags.

Fri, 02/15/2013 - 13:47 | 3246966 N. B. Forrest
N. B. Forrest's picture

That is essentially what is happening. 

Fri, 02/15/2013 - 13:40 | 3246933 tradewithdave
tradewithdave's picture

Fight Club's newest rule. Talk about fight club in a full page ad in The Journal.

Fri, 02/15/2013 - 13:41 | 3246939 taketheredpill
taketheredpill's picture

Is Icahn still pushing JC Penney into bankruptcy?

Maybe value is looking at all Ackman's positions and making an Anti-Ackman portfolio, or at least try to guess which nut Carl might try squeezing next....

 

 

 

Fri, 02/15/2013 - 14:17 | 3247085 Son of Loki
Son of Loki's picture

I went to the mall last night and strolled thorugh an empty JCP. Very depressing. No people and wide, empty isles as they dump invenotry and fail to re-order. Almost as depressing as a stroll through that Black Hole of retail....Sears.

 

This new postal rate increase and the internet sales tax will certainly create more "headwinds" as they like to euphemistically call a disaster ahead.

Fri, 02/15/2013 - 14:23 | 3246954 The Swedish Chef
The Swedish Chef's picture

Herbalife, is that the company that sells...I dunno..pills that do something? Apparently they help you to lose weight, gain weight, hair loss, hair growth... My mom went to a Herbalife meeting with the son of a friend. She said it was like the bastard child of an tele evangelist and Charles Ponzi. 

Fri, 02/15/2013 - 14:30 | 3247103 adr
adr's picture

But they have a corporate headquarters that makes the Toyota buildng down the street look like it belongs in a trailer park.

Of course the Joos always run the big building with nothing in it scam. Anybody remember Fog Dog sports? Remember, they were going to ship and warehouse billions, went public and the executives cashed out.

I went to Fog Dog once before they went public, it was a giant warehouse with nothing in it. The shipped $35k in merchandise but were going out with a billion dollar + valuation. But the building was huge, think of the potential growth!!!

GOTTA LOVE PONZI STREET!!!

Fri, 02/15/2013 - 13:48 | 3246967 mantrid
mantrid's picture

that's what happens when central bankers throw money from helicopters. rather than "spur growth" it merely started "stock wars".

they both think they're moving the market but will end up like London Whale

Fri, 02/15/2013 - 13:51 | 3246972 earleflorida
earleflorida's picture

I've seen what this Icahn character... this super-duper uber-ego schmuck  has done to people personally-- effected by his, 'selflessness shareholder-interest mantra'! It is nothing more than a page out of a, inane histrionics kleptocrat's manifesto-- a destructive modern-day barbarian rant'd-up metaphor of slash and burn! Whereas the subsequent growth purported, that comes from such Eco-philanthropy is a charade... crushing any existence for the little guy! 

 

Fri, 02/15/2013 - 13:50 | 3246978 Pairadimes
Pairadimes's picture

Flintlock pistols at ten paces would be so much more fun to watch.

Fri, 02/15/2013 - 13:51 | 3246987 hannah
hannah's picture

funny if you make a statement that the jew bankers killed by hitler deserved it because they destroyed germany's economy...people will attack you. now that 2 jews spend billions to piss on each other with total disregard for everyone else, well that is just fine.

 

this kind of shit is what causes black swans....

Fri, 02/15/2013 - 13:54 | 3246996 williambanzai7
williambanzai7's picture

I'll beat ack!

Fri, 02/15/2013 - 13:58 | 3247017 shovelhead
shovelhead's picture

"Tell us Carl, what is best in life?"

"To crush your enemies, to see them driven before you and hear the lamentations of their women."

Fri, 02/15/2013 - 16:59 | 3247712 GoldenTool
GoldenTool's picture

That quote used to play everytime my computer started.  I'd give you more then +1 but can't.

 

operari sequitur esse

Fri, 02/15/2013 - 13:59 | 3247018 Rathmullan
Rathmullan's picture

Also from NBC (Never Better Communications).

 "Watch asteroid 2012 DA14 buzz past harmlessly, via streaming video" http://cosmiclog.nbcnews.com/_news/2013/02/15/16966984-watch-asteroid-2012-da14-buzz-past-harmlessly-via-streaming-video?lite

Watch ben bernanke harmlessly monetize $Trillions of government and mortgage debt

Watch congress harmlessly lift debt ceilings and spend with impunity

Fri, 02/15/2013 - 14:00 | 3247022 AN0NYM0US
AN0NYM0US's picture

So they go on TV and whipsaw the stock, certainly not intentionally.  Meanwhile Lemann of 3G and uncle Warren do a deal with Billy J and scoop up Heinz under the radar. There is so much fat in Heinz country club culture this is a brilliant deal. Lemann will be like a giant liposucking hedge hog likely removing 20% of SG&A in his first of many passes. And that will just be the beginning as he  sheds some of the prize assets like Ore-Ida, Lea&Perrins etc.  The margins are enormous at good old HJH, which has allowed a bloated culture of management by consultant and an almost civil service type of bureaucracy.

 

It will be interesting to see what crawls out from under the rocks in the options trades in advance of this deal. Meanwhile Billy is safely tucked away in his Naples cottage http://binged.it/VkZOfY having sold the family jewels for a pittance.

Fri, 02/15/2013 - 14:00 | 3247024 LFMayor
LFMayor's picture

How was copper wire invented?

Two Jews arguing over a penny.

This guy is like a fucking real-life JR Eweing.  He only goes to work to pump his ego and piss off others, not because he needs to.

In a way, it's sorta cool.  But if I was a billionaire I think i could find other things to wheedle away my small hours with.

Fri, 02/15/2013 - 14:07 | 3247053 Son of Loki
Son of Loki's picture

A Jew walks into a pub and sees his friend Moshie sitting at the bar. He dropped his hands to his sides and yelled, "Oh shit Moshie! I'm sorry to hear about your shop burning down!"


Moshie spun round quickly and said quickly, "Tomorrow, tomorrow!"

 

[ is this still rayciss if it is told to me by one of my best friends (and neighbor) Stan Rabinowitz ?]

Fri, 02/15/2013 - 14:37 | 3247121 adr
adr's picture

Nah, many Jews have made a fortune making fun of other Jews.

Like a nigga callin another nigga a nigga, as long as you've worn a yamaka it's just good fun.

Fri, 02/15/2013 - 14:01 | 3247029 soopy
soopy's picture

dammit, that screamfest was a sign to get in

Fri, 02/15/2013 - 14:04 | 3247040 SubjectivObject
SubjectivObject's picture

Fucking mammals on parade.

And these are the "leaders"

Fri, 02/15/2013 - 14:04 | 3247045 Son of Loki
Son of Loki's picture

Oi vey!

Fri, 02/15/2013 - 14:07 | 3247047 moonstears
moonstears's picture

Couldn't think of a single better pair of money masters showing their true colors. Fuck 'em! Take notes fellow small playas, buy physical metals locally, not THEIR stawks. Nice buy on "gol and silbah" next week if the "JPmorgue", and pals keep this up (physical prices will take a week or so to catch up, real economy)

Fri, 02/15/2013 - 14:32 | 3247107 spjk2k
spjk2k's picture

trader porn sans the moneyshot.

Fri, 02/15/2013 - 14:42 | 3247136 sbenard
sbenard's picture

And if the stock market tops out and we see a collapse in an overbought, Fed-fueled stock market, Ackman might get the last laugh as a falling tide lowers all boats (and stocks), including Herbalife's! That would be poetic justice!

Fri, 02/15/2013 - 15:02 | 3247146 ebworthen
ebworthen's picture

An example of who we have in leadership in industry and government; arrogant self-centered children.

It would be really funny if Ackman bought HLF before Icahn - anticipating his tantrum.

Anyways, adults are not in charge in Washington or Wall Street.

Fri, 02/15/2013 - 14:48 | 3247159 Broccoli
Broccoli's picture

Since I don't play around with billions I am not up to speed on the effects having a large percentage of float has on the stock price, but isn't Icahn opening himself up to the exact problem the shorts have with having too big a position relative to float and the same problem the JPMorgan whale had. If I go out and buy a large portion of the float in a very short time the price is bound to go up and my mark to market (lol) profits look really good.

He has to find 12% or whatever his stake is in suckers to exit his position. Seems like a classic problem of paper gains that evaporate once one tries to cash out.

Fri, 02/15/2013 - 14:50 | 3247162 Falconsixone
Falconsixone's picture

And it came to pass on the way at the lodging-place, that the LORD met him, and sought to kill him.

Fri, 02/15/2013 - 15:05 | 3247208 tsuki
tsuki's picture

The woo-hah makes me believe we need a sociopathic surtax.

Fri, 02/15/2013 - 15:41 | 3247391 jmcadg
jmcadg's picture

Wanker

Fri, 02/15/2013 - 15:59 | 3247463 jstrack
jstrack's picture

How do we know that Ackman did not anticipate this and also took calls on his position to protect himself.  Even in the interview he knew that Ichan would try to get him and drive up the stock price...  Both these guys are very smart and probably a lot more pragmatic than what is written in the article.  It will be interesting in the end to find out what went on with their trades if it ever comes to light...

Fri, 02/15/2013 - 16:06 | 3247490 jvetter713
jvetter713's picture

Icahn is not as smart as Ackman.  Its a 12 round fight and this was round 1.  I expect a KO.  Ackman in the 7th.

Fri, 02/15/2013 - 16:19 | 3247555 larz
larz's picture

what an epic turd

Fri, 02/15/2013 - 16:40 | 3247642 magne13
magne13's picture

Its time for Ackman (Bud Fox) to call up Soros ( Sir Lawrence) and start buying puts to put pressure on equity and Icahn (Gekko) Its great to see who has more clout, bottomline is buying Jan 2014 puts on HLF seems like a winning trade for the longer term.  Maybe Reggie Mid can help Ackman out!

Fri, 02/15/2013 - 17:06 | 3247728 billsykes
billsykes's picture

All these companies are shit. Fundamentals don't matter- netflix just doubled overnight- its a shit company, they have to make 3.6 billion dollars to net 17m. 

P/E at 654.95x WHAT THE FUCK? they stream video over the internet. big fucking deal. They need amazon to stream that content.

WHERE is the IP? where is the secret sauce? none.

Carl has gone off the fucking deep end buying everything- his ego and name alone is floating these companies.

All he is doing now is just adding his name to shit.

Thank god he is in his 70's not 30's.  

 

I got a great idea- a business where you can package anything you want and send it anywhere in the world, the best thing is the back bone of this delivery system is already built, its a thing called the USPS- for every dollar I make I am going to charge you 654 dollars to buy into my company, is that something you would be interested in?

sign here:

X___________________ 

Mr. Dumb Money

 

Fri, 02/15/2013 - 17:09 | 3247747 Mad Muppet
Mad Muppet's picture

Tit for Tat.....I've always wondered who Tat was.

Fri, 02/15/2013 - 17:10 | 3247751 badameli
badameli's picture

This will end in a funny manner - hope Ackmann manages to goad Icahn to massively overpay for the whole company. Icahn showed his character quite clearly in that interview. Disgusting - attacking the host of the show like that.

 

His money will be better off in other peoples hands.

Fri, 02/15/2013 - 17:13 | 3247757 virgilcaine
virgilcaine's picture

The Market will go with Ackman.. the Co. is a turd!  now an overpriced one.

Fri, 02/15/2013 - 17:43 | 3247842 mogul rider
mogul rider's picture

Carl said a few weeks back on shithead TV

Ackman was that little jew kid we used to beat up...

I nearly pissed myself laughing..

 

go get him killer

Fri, 02/15/2013 - 17:44 | 3247845 mogul rider
mogul rider's picture

It's nice to see a hedgie get fucking bent over for a change.

 

Keep pushign Carl,,,,,

Fri, 02/15/2013 - 17:44 | 3247846 nothing can go wrogn
nothing can go wrogn's picture

Imagine if they were fighing, not over digits on a terminal monitor, but real money!

Fri, 02/15/2013 - 17:57 | 3247896 The Swedish Chef
The Swedish Chef's picture

So DHS sent in the nazis to discredit ZH again? What, ZH isn´t fringe enough to warrant surveillance?

Fri, 02/15/2013 - 17:58 | 3247901 Joe A
Joe A's picture

Why don't they just put their willies on the table?

Fri, 02/15/2013 - 20:44 | 3248316 apoorboy
apoorboy's picture

no drama, no audience nobody will buy what hey can get for free.

Wed, 02/20/2013 - 21:36 | 3261867 WallStreetRanter
WallStreetRanter's picture

AM I missing something? You say the purchases are crushing Bill but the stock is DOWN since their feud despite his ramp up in purchases...it was $43.59 on Jan 25th....and still remains at only $37.78 So how again is Icahn handing it to him?

The Wall Street Ranter

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