Boone Pickens sells all his Yahoo! shares, at a loss

[turkeyneck]

What's his account size? Is it just a small loss percentage wise?

 

[brocklanders]

In March it was somewhere around 1.3b, so his Yahoo loss is probably on the order of a 4-5% hit. But that is just his stock portfolio. His overall holdings are probably a lot larger, so it is pretty negligible to his net worth.

http://www.gurufocus.com/holdings.php?GuruName=T+Boone+Pickens

 

[PhiSigmaIota]

Quote from PhiSigmaIota:

Carl Icahn made a $22 bid for WCI on May 2007..$965 million in total.
The company rejected the offer. They should have known better.
WCI trades $1.27 today, it is in default on bank loans..
The story from May 2007..
http://www.nypost.com/seven/0512200...hns_arm_for_more_cash_business_paul_tharp.htm
When it comes to Boone Pickens, he put his money in something that he did not know well, took his loss, moved on.
If someone reminded him Icahn's WCI screwup, I bet he would not do it..

WCI went bankrupt today, it is a 50cent stock as of today.. Great analysis Carl Icahn Probably some investors will sue the board who rejected Icahns offer last year..

 

[andrasnm]

Fron this old fart - this was an "ageist" comment... most "young turks" on ET are little pissant daytraders who on the long run will end up working as a finance manager at some used car lot....

Quote from stock777:

lots of these old farts making bad trades these days