Carl Icahn: Bet On Me

Legendary investor Carl Icahn was the last speech to go on yesterday at the Ira Sohn Conference, and he gave his best idea: himself. He talked about how his investment vehicle, Icahn Enterprises, L.P. IEP used to trade for $130 per share in 2007, but has since fallen to around $40 per share, though it's up a bit in pre-market trading as of this writing. Icahn said that he thinks that he will devote more time to this company in the future, given the fact that he has stopped his hedge fund, Icahn Investments. Icahn said shares are going to be a good currency for the future, but are too cheap now. Icahn Enterprises owns such brands as Federal Mogul, and has a ton of great brands, and Icahn said he foresees great opportunities in Asia. He thinks Icahn Enterprises is worth a ton more than it's trading at now, as it has over $2.8 billion in liquid assets. Icahn went on to say that you're essentially getting Carl as a manager for a negative number.