Icahn Enterprises LP (NASDAQ:IEP) investor presentation. Full presentation available below in PDF format and Scribd document.
Carl Icahn believes there has never a better time for activist investing, if practiced properly, than today.
Several factors are responsible for this:
Top value fund managers are ready for the small cap bear market to be done
During the bull market, small caps haven't been performing well, but some believe that could be about to change. Breach Inlet Founder and Portfolio Manager Chris Colvin and Gradient Investments President Michael Binger both expect small caps to take off. Q1 2020 hedge fund letters, conferences and more However, not everyone is convinced. BTIG strategist Read More
1) low interest rates, which make acquisitions much less costly and therefore much more attractive,
2) abundance of cash rich companies that would benefit from making synergistic acquisitions, and
3) the current awareness by many institutional investors that the prevalence of mediocre top management and non-caring boards at many of America’s companies must be dealt with if we are ever going to end high unemployment and be able to compete in world markets
See Full presentation here: IEP Presentation: Icahn Says Best Time Ever For Activism