Icahn’s fourth quarter portfolio
Activist investor Carl Icahn’s 4Q14 portfolio was worth $31.9 billion, down from $33.6 billion in 3Q14. The fund made one new purchase in Manitowoc Company (MTW) and sold its stake in CVR Refining (CVRR). The fund had holdings in 21 tickers, and its top ten holdings represented 88.7% of the fund’s 4Q14 portfolio value.
I bot some more a little while ago below 34c. I can't say that I really understand why it's so weak when they're building up their mining operations to start producing at the end of the year and they have their financing in place.......hopefully it will recover as they get closer to start-up.
The Gold Report Interview with Adrian Day (7/2/15)
"We have bought the near-term producer Romarco Minerals Inc. [Romarco began construction of its Haile gold mine in South Carolina in May. Shares are still under $0.50.] This is the stage when shares of companies like Romarco languish. There will be little excitement until its first gold pour, which is scheduled for Q4/16. But I expect that over the next 9–12 months, we will see the share price move up steadily, to say $0.70–$0.90. There is now an extremely low downside to Romarco. Diane Garrett is one of the best CEOs out there. She always does what she says she will. She has demonstrated her competence with local communities, government agencies and the banks. She raised the financing for Haile without any gold hedging, which is impressive."
Hi. I've owned OAK since last October, and was surprised to find out that their final K-1 figures won't be available until June 15. I own a ton of MLPs, and they always get their K-1s out in time for me to file my taxes by April 15. This year I had to file for an extension, which I'd rather not do again. I own OAK in a taxable account.
Did those of you who own OAK in taxable accts also file an extension, or go with the preliminary figures that they provided for us? Is there a tax benefit to holding OAK in a taxable acct like there is with MLPs? If not, I might be better off selling out of it in the taxable account and then buying it back in a sheltered IRA account. Thanks for your input!
Yes, it's a pain getting it so late. I'm going to sell it later this year and rebuy it in a sheltered acct so I don't have to deal with this next year.
It's difficult to get info on this closed-end fund. Is it best held in a tax-sheltered account? Does it file a K-1 like regular MLPs do? Thanks for any info....it will be appreciated.
Thanks for the replies to you and herebnow.....I own quite a bit of Romarco, and am somewhat surprised at the heavy selling volume today. I hope there's not bad news that we're not aware of. What kind of a price target did Matt give in his recommendation? Thanks.
Good news released after the close, and it traded at 3.98 in AH trading.
4:03 pm AdCare Health Systems says it has entered into agreements to sublease all 40 of its facilities (ADK) : "Already, 24 facilities have completed the operations transfer to third party operators, with additional facilities scheduled to transition within the next 90 days as other approvals are received."
It's been a long time since we've heard anything from the company about if or when we might receive anything from our investments.....does anyone have any idea what's going on? Thank you.