This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Ackman and Icahn Entertain, But Eventually One Must Be Wrong

NEW YORK ( TheStreet) -- Bill Ackman and Carl Icahn really don't like each other, but it's Herbalife (HLF - Get Report) investors who are caught in the middle.

If their disdain for each other already hadn't been clear from the ongoing battle, the two billionaire investors clashed on CNBC's Half Time report about what was supposed to be a continuation of their throwdown regarding Herbalife.

The encounter offered less about the Herbalife saga and more about the deep-rooted personal contempt they have for each other. Though the global network marketing company's shares were jumping by 2% Friday afternoon, there may not be much more to draw from the quarrel than a clip of entertaining television.

"If you're going to be good in this business, you have to be somewhat of a showman," said Michael Gayed, chief investment strategist at Pension Partners LLC. "The two are going to duke it out, and the one who's going to win is the one who has the most profit."

Ackman originally came on Half Time as a sort of response to Icahn's Thursday appearance on Bloomberg TV, but after Ackman shot back at Icahn concerning a Sohn Conference in 2002 and 2003, Icahn called into the show.

What unfolded between the two was an argument about past tiffs. Icahn referenced a 2003 deal with Hallwood Realty and recalled when then-New York Attorney General Eliot Spitzer investigated Ackman's former firm Gotham Partners about its MBIA activities. The Securities and Exchange Commission never charged Ackman with wrongdoing.

Icahn at times criticized the show's host, Scott Wapner, for "bullying" him, and dropped multiple profanities on live television.

"Icahn has been operating like this for 30 years-plus ... and I don't think from Ackman this is anything unusual," one investment strategist said, in reference to the ongoing Herbalife feud. "Conjecture and analysis, there's a difference, and clearly there may be some people that this may be stirring some legal discussions."

While the unexpected moment may have made for great TV, it appears to have been simply another stage in the Ackman-Icahn feud that will continue until one of them is proved right by the market.

"I have enough time with market stuff; I don't want to deal with megalomaniacs," said the strategist. "I think the interesting thing is one of these guys is right and one of them is wrong."

-- Written by Joe Deaux in New York.

>Contact by Email.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Submit an article to us!
SYM TRADE IT LAST %CHG
HLF $42.08 1.10%
AAPL $128.70 -0.19%
FB $78.81 -0.23%
GOOG $540.78 0.54%
TSLA $230.51 1.98%

Markets

DOW 18,070.40 +46.34 0.26%
S&P 500 2,114.49 +6.20 0.29%
NASDAQ 5,016.9290 +11.5380 0.23%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs