Carl Ichan

Carl Ichan is Bullish

As evidenced by Monday night’s CNBC interview, Carl Ichan is bullish. While he took time to mention that he thought Obama and the Democrats in general were not pro business enough, Mr. Ichan exuded some confidence in the broader markets, feeling they were oversold.

Is the fact that Carl Ichan is bullish enough to bring value buyers back into to the market ? Well, Tuesday’s monster rally might of signaled that there were other like minded PM’s with the same agenda.

Carl Icahn has indicated that he is returning funds to his investors, but will continue to trade his personal funds. When Carl Ichan is bullish it’s generally on an activist level, where he takes large positions and tries to influence of companies that often are out of favor. Here are some of his current positions listed below:

Carl Ichan Watch List

Motorola Mobility Holdings (MMI:NYSE) The chart on MMI looks horrible, but shares are off from the 52 week high of $36.54. The Motorola name doesn’t have the swagger that it once did, but shares could be considered cheap by some, simply because MMI has $10.27 in cash.

Hain Celestial Group (HAIN:NASDAQ) HAIN had an exceptionally strong close on Tuesday, despite the fact that organic food an personal care products might not sell well in an economy that most feel is shaky at best. However, HAIN is a small cap stock with a market cap of $1.23 billion as of the close. So there is certainly room for upside. HAIN is volatile and has a decent sized short position, but is only trading at a little more than 1x sales.

Clorox (CLX:NYSE) Clorox is currently Ichan’s most high profile purchase. Carl Ichan recently made an offer to take the company private at $73 per share. As of Tuesday’s close, shares of CLX were at $67.20 and are paying a dividend in excess of 3.5%, which is nothing to sneeze at considering current interest rates. CLX is exactly the type of name that skitish, defensive type buyers will flock to in an uncertain market. Especially if Carl Ichan is bullish on the name.

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