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...corporate raider Carl Icahn fights to wrestle control of filmmaker Lions Gate Entertainment, it's easy to overlook his other big bet - on the betting business...
Still, many investors and analysts are eyeing Icahn's move closely. Some wonder if his move into the sector is a sign to start putting investment chips back on the table and roll the dice on companies with big exposure to the U.S. gaming market. "[Carl Icahn] has always been a very astute investor," concurs Clyde Barrow, a casino expert and professor at the University of Massachusetts at Dartmouth. "There's a lot of upside potential, and if you're investing for the long term, now is the time to buy." (See pictures of hard times in Las Vegas...
Icahn has earned accolades on Wall Street for his savvy stock-picking choices, knack for launching feisty board battles at poorly performing companies and, most importantly, his ability to snap up unwanted, undervalued or mismanaged companies at bargain-basement prices and turn them around for big profits...
While the Crimson struck first in the second, the Big Red did not give up without a fight, responding with a 3-1 run to cut Harvard’s lead to four...
...teams traded shots over the next 10 minutes of play, but the Crimson’s aggressive defense disrupted Cornell and forced the Big Red to commit six first-half turnovers...