Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Carl Icahn Fought Back Oshkosh With A Second Presentation

ICAHN CAPITAL LPCarl Icahn delivered the second presentation today after the board of Oshkosh claimed against Icahn’s presentation yesterday. Oshkosh claimed that they have low SGA (Selling, General and Administrative Expense) margins regarding Icahn’s blame for the company’s poor performance. Also the management has taken “decisive action” and will only reaffirm business model rather than do a “comprehensive review”. Oshkosh also accused Icahn’s slate for lacking experience in the industry.

Icahn struck back through his presentation today, saying that SGA margins do not lead to shareholders’ return. When compared to its peers, Oshkosh got the lowest EBIT, EPS growth and shareholder return.

Icahn was quite unhappy about Oshkosh’s business model reaffirmation. “How did this reaffirmation help shareholders?” asked Icahn, “the only beneficiary is the management team who has allegedly been reaffirmed”.

Icahn also controverted by listing eight key skills regarding Oshkosh’s accusation against his slate. These eight key skills include International business, Specialty Vehicle, Fire Apparatus Manufacturing, Commercial Vehicle Manufacturing, Developing M&A Strategies, Business turnaround, Building strong management teams, and Strong Financial/Investing. Icahn believes his slate has all the skills while none of the Oshkosh board members has substantial experiences in these areas.

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!