Ran across an article from gurufocus when I was checking pre-market trading this morning. The article listed Nuan as Ichan's fifth largest holding with 33,899,274 shares. If my math is correct, that would mean he has around 650 million tied up in the company. The article was dated May 21. The article talked about Ichan's first quarter increases. Evidently the news sparked interest in Nuan. Those of us who have been following the stock knew that Ichan had a large position, but I was unaware that this is reportedly one of his largest holdings. Don't take my word for it. Check it out for yourself. IMHO.
you gotta realize...Icahn is what kept this thing from dropping to 15. This thing was in free fall mode before he announced his stake, and even recently when he increased his stake, the stock was practically stuck at 19 for like a week, never moving more than a few cents up or down. Its quite obvious that Carl was holding NUAN up with his bare hands. However, I think NUAN has behaved remarkably well these past two trading sessions while the rest of the market completely went to #$%$, NUAN hung in there dropped no more than a few percent. Definitely a good sign and I will continue to hold this. Only a matter of time until Carl switches from "passive" to what he's known for.
That's such an incredible accumulation in such a short amount of time. Hard to believe that he would remain quiet until the January shareholders meeting. Now that the Transocean thing has finished (for now at least) maybe he'll start moving down the list...? If not yet Nuan's turn, at least that time may be getting closer.
In addition to this, he hods over 8.7 million call/put options with average price of $6.40 or approx. 56 million more invested! A fella on Motley Fool predicts he'll be a big loser on this investment. We shall see.
right. The pudgy nerdy looking kid with the glasses who was shooting a video from his college dorm room says Carl is going to lose big time. Hmmmm...do I bet on Carl Icahn, the billionaire investor with 50+ years of experience?...or the pudgy kid that sat across from me in my freshman finance class?
Lets ask the little engine that could...
I think Icahn I think Icahn I think Icahn
Motley Fool Hidden Gem's Stan writes an in depth quarterly review each quarter and his detailed comments are the only 1's I place value in. He states things should get better after 2 more quarters as Ricci irons out the complex intergration problems as bookings are still solid. However, he does say the " blinders " should be off as we all see this unfold. Guess I'll give my blinders to " Uncle " Carl.