Carl Icahn and OSK - advise me MB - good or bad? | TigerDroppings.com

Posted byMessage
TigerRad
LSU Fan
Columbia, SC
Member since Jan 2007
4471 posts

Carl Icahn and OSK - advise me MB - good or bad?


So I have about 300 shares of OshKosh Truck that I picked up really cheap after the big collapse a few years ago. It's up around 400% since then.

Carl Icahn has a huge hard-on to buy a majority of this company and has just upped his offer. The price jumped some the last couple days.

Is an Icahn takeover a good or bad thing for my shares? I'm thinking about getting out, even though I think the company is probably still undervalued. Do I stay in on the basis that he wants it and he is smarter than me?

I dont wanna get screwed by this guy somehow.







Back to top
Share:
TheHiddenFlask
Clemson Fan
The Welsh red light district
Member since Jul 2008
16614 posts

re: Carl Icahn and OSK - advise me MB - good or bad?


"pigs get fat, hogs get slaughtered".

Icahn has made a lot of money for me, but being greedy for the sake of being greedy will almost always end up badly.






Back to top
TigerRad
LSU Fan
Columbia, SC
Member since Jan 2007
4471 posts

re: Carl Icahn and OSK - advise me MB - good or bad?


so wait a minute...if I stay in to await the board's response to Icahn, am I the pig or the hog?





Back to top
TheHiddenFlask
Clemson Fan
The Welsh red light district
Member since Jul 2008
16614 posts

re: Carl Icahn and OSK - advise me MB - good or bad?


quote:

so wait a minute...if I stay in to await the board's response to Icahn, am I the pig or the hog?


That would make you the hog.

I know nothing about the deal, but smart strategies say to take at least a good part off the table in case the deal falls through.






Back to top
lsewwww
Member since Feb 2009
138 posts

re: Carl Icahn and OSK - advise me MB - good or bad?


If Icahn is getting involved, it means he thinks he can make money and that means the long term future of the business he's interested in may be compromised- he does not care one iota unless its money in his pocket.

TWA was the richest airline in the world and owned all the routes when he took over. Its all gone now. And he managed to do it before 9/11....My dad flew for TWA for 30 years. Icahn should be shot.

He's not to be trusted. I'm not a stock junkie but I would sell






Back to top
foshizzle
LSU Fan
Washington DC metro
Member since Mar 2008
28680 posts
 Online 

re: Carl Icahn and OSK - advise me MB - good or bad?


quote:

If Icahn is getting involved, it means he thinks he can make money and that means the long term future of the business he's interested in may be compromised- he does not care one iota unless its money in his pocket.


It's true he wants the money (who doesn't?) but that doesn't mean the deal is bad for the OP. It might be bad for employees if management decides to trim, but that is a completely different thing.






Back to top
weaglebeagle
Auburn Fan
Alabama
Member since Jan 2011
1307 posts

re: Carl Icahn and OSK - advise me MB - good or bad?


He did the same to the textile mills where I live. Yeah they were probably going down eventually but he sped it up and put thousands out of work.





Back to top
TheHiddenFlask
Clemson Fan
The Welsh red light district
Member since Jul 2008
16614 posts

re: Carl Icahn and OSK - advise me MB - good or bad?


quote:

He did the same to the textile mills where I live. Yeah they were probably going down eventually but he sped it up and put thousands out of work.



Did he put thousands out of jobs, or did their inability to effectively compete put them out of jobs?






Back to top
TigerRad
LSU Fan
Columbia, SC
Member since Jan 2007
4471 posts

re: Carl Icahn and OSK - advise me MB - good or bad?


quote:

He did the same to the textile mills where I live. Yeah they were probably going down eventually but he sped it up and put thousands out of work.



I understand about lubricating the wheels of capitalism, creative destruction etc. I dont think what he does is evil.


I'm just trying to anticipate the effect on the stock price if he comes in. He already owns 10%. The announcement that he had increased his bid made the stock go up ~10%. His offer was 32.50/share. It looks like it will hover around 30$, at least until the board decides to make its recommendation to the stockholders. I suspect the recommendation will be AGANST electing his slate of members. Some articles have said that he wants to merge them with another truck company he owns. He has said that they are being run inefficiently and should be much more profitable. He is a pretty smart guy, so this may be true.

Assuming I'm right about the current board, the price could go down a few dollars again. My long term feeling is that the company is currently undervalued (especially if Romney wins, since military vehicles are a big part of their business).

My hunch is to stay long. Just curious about the MB geniuses opinions of an Icahn takeover.

My 300 shares dont exactly qualify me as a major player here, but I'd still like to optimize my return






Back to top
weaglebeagle
Auburn Fan
Alabama
Member since Jan 2011
1307 posts

re: Carl Icahn and OSK - advise me MB - good or bad?


The latter. As I said, they were going down eventually but his acquiring the company sped things along.





Back to top



Back to top