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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (44044)	10/13/2011 8:16:11 PM
From: E_K_S	Read Replies (1) of 78687

Stock up 8% on the news that Ichan owns 9.8% od the company. finance.yahoo.com Icahn Purchases 9.8% Stake in Truckmaker Navistar International By Alan Ohnsman - Oct 13, 2011 4:07 PM PT bloomberg.com Frim the article:"...Billionaire Carl Icahn has taken a 9.8 percent stake in Navistar International Corp. (NAV), making him the second-biggest holder of the maker of International brand trucks...". ----------------------------------------------------------------------------------- Perhaps Icahn sees this JV deal done in September 2011 as a reason to buy so much stock? Not sure what his strategy is to bring value to the shareholder. He must have something in mind. Caterpillar and Navistar JV to join Navistar Caterpillar Inc. and Navistar International Corp. said Thursday that their commercial truck joint venture will become a Navistar subsidiary. businessweek.com From the article:"...In 2008, the companies said they would form an alliance for a truck business, which led to the creation of a 50/50 joint venture called NC(2) Global LLC...." EKS

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