Jefferies Maintains a 'Buy' on Navistar International (NAV); Icahn Not Wearing His 'Happy Face'
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Icahn Issues Letter to Navistar (NAV) Holders; Notes Inability to Create EPA-Friendly Engine
September 11, 2012 12:58 PM EDTCarl C. Icahn today issued the following letter to the shareholders of Navistar International Corporation (NYSE: NAV):
Dear Fellow Navistar Shareholders:
In its September 10 press release the Navistar Board dismissed my September 9 letter as "threats, attacks and disruption rather than continuing constructive engagement." As that Board is well aware, I have a $330.9 million investment in Navistar, a company with a market capitalization that has fallen from just under $3.5 billion to $1.7 billion in the past 12 months. The top four holders alone own approximately 56% of Navistar stock. Meanwhile, total ownership of... More
Canaccord Genuity Morning Coffee on Navistar International (NAV): Icahn Tell You What To Do
September 11, 2012 10:22 AM EDTCanaccord Genuity Morning Coffee on Navistar International (NYSE: NAV): Icahn tell you what to do.
Carl Icahn told Navistar that he pans to proceed with a lawsuit and proxy fight if management doesnt change its ways. He is looking to have at least four board members... More
Stocks Crossing 50-Day SMA 09/10: (ANR) (CTIC) (TSN) Above; (P) (RIG) (APOL) Below
September 10, 2012 3:41 PM EDTThe following is a list of stocks crossing the 50-day simple moving average (SMA) and are either above or below the metric. The 50-day is considered an indicator of a potential near-term trend formation.
Crossing and above:Alpha Natural Resources, Inc. (NYSE: ANR) - up 2.0 percent. Going on a four-session winning streak today. Continuing from a boost last week as Raymond James... More
