OASIS FORUM Post by the Golden Rule. GoldTent Oasis is not responsible for content or accuracy of posts. DYODD.

Then there’s Icahn

Posted by Buygold @ 16:49 on February 19, 2016  

Didn’t do so well on his FCX, Chesapeake and Cheniere¬†bets, ¬†now he’s being downgraded. He was so good on NFLX, Apple. Damn even the pro’s….

Irony? “Credit Crash Warning” Icahn May Be Cut To Junk By S&P

Having warned – correctly – of the impending collapse of the US credit markets last year, it just seems ironic that Carl Icahn’s firm has been downgraded to “watch negative” from stable by S&P, implying a cut to junk may be imminent. Just as we detailed earlier, activist investors have suffered greatly in the oil rout, and S&P cites declining investment values in the firm’s portfolio, which have smashed the loan-to-value ratio up to 45% (a crucial threshold for the ratings agency).

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.