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...example, one of Icahn's biggest windfalls came from an investment in cancer-drug maker ImClone Systems. The corporate raider jumped into the stock in 2006, launched a nasty proxy fight, strong-armed the board into rejecting a $36-a-share takeover offer and assumed the post of chairman. Two years later, the company accepted a $70-a-share bid from Eli Lilly & Co. "I felt vindicated," boasted Icahn at the time. Then there was National Energy Group, where he turned a $300 million investment in the company in 2003 into a $1.5 billion payoff when it was sold...
...every investment has been a home run. Icahn jumped into video-rental company Blockbuster in 2005 when its shares were trading at between $9 and $10 apiece. They recently changed hands at 30 cents a share - Icahn remains a major stockholder - and the company indicated in a recent filing it will likely file for bankruptcy protection...
Although many names have rallied from their trough in March 2009, they're still far short of their highs. Las Vegas Sands (LVS) was trading at more than $138 a share in October 2007 and plunged to under $2 a share in March 2009. Although it has since risen 10-fold to $20 a share, it's still far below its peak. Wynn Resorts (WYNN) and Las Vegas Sands have seen the biggest gains, with their stocks rising 296% and 842% respectively in the past 52 weeks. But their gains were driven largely by their exposure to the lucrative Macau...
...Eric [Kopstain]’s a really sharp guy,” Doyle said. “He takes the time to understand and to share the concerns of the operation...
Abernathy and Lewis said that much of the Corporation’s problems are “structural” and, until the organization undergoes reform, the Corporation will only share power voluntarily with the “powerless” Overseers...