Icahn Enterprises LP (IEP) / Carl Icahn

[winston]

How To Invest Like Carl Icahn

by Chris Katje

Icahn Enterprises (NASDAQ: IEP) conglomerate, which is a holding company owning assets in the railway, casino, auto parts and mining industries.

Investment Strategy: Icahn is an activist investor who accumulates large positions in companies he believes are undervalued. Icahn looks at companies that are trading with poor price-to-earnings ratios or book values that exceed market values.

“My investment philosophy, generally, with exceptions, is to buy something when no one wants it,” Icahn said.

Icahn normally becomes the largest shareholder of the company so he can push through changes.

Activist Investor Strategy: Among the moves that Icahn makes in the companies he takes stakes in are hostile takeovers, pushing for mergers and pushing to spin off or sell assets.

Icahn pushes for changes to the board of directors through his large ownership positions. He normally nominates a whole new slate of directors and then pushes for more changes.

Icahn is considered a short-term trader, as he seeks to unlock shareholder value and then sell his position when he has realized a gain.

Current Activist Trade: Icahn is the largest shareholder of Xerox Holdings (NYSE: XRX) and is pushing for the company to merge with HP Inc (NYSE: HPQ). He also owns a stake in HP.

Source: Benzinga

https://finance.yahoo.com/news/invest-c ... 14502.html

[winston]

not vested

Stocks to Buy: Icahn Enterprises (IEP)
RSI: 33.6

Carl Icahn’s holding company is one of those sum-of-the-parts situations where investors have to break down the billionaire’s holdings to figure out IEP stock’s value.

The RSI suggests that it’s nearly oversold right now, with its price down about 8% in the past month.

Long-term, IEP stock hasn’t been tremendously successful. It’s got a 10-year annualized total return of 11.8%, about 500 basis points less than the entire U.S. market.

However, the one analyst who covers IEP seems to like Icahn’s business. UBS has a “buy” rating and a $70 target for the stock, providing nearly 40% potential upside.

IEP has investments ranging from control positions to small minority investments in eight segments, including energy, automotive, food packaging and real estate.

It probably will take you days to comprehend all of Icahn Enterprises’ holdings fully. But when you do, it will likely have moved back to $70. At $50, it’s a buy.

Source: Investor Place

[winston]

not vested

Best Diversified Stocks to Invest In

Icahn Enterprises L.P. (NASDAQ: IEP)
Number of Hedge Fund Holders: 4

Icahn Enterprises L.P. (NASDAQ: IEP) is placed tenth on our list of 10 best diversified stocks to invest in.

The company has interests in the investment, energy, automotive, food packaging, metals, real estate, home fashion, and pharma sectors. It is headquartered in Florida.

In earnings results for the second quarter, posted on August 6, Icahn Enterprises L.P. (NASDAQ: IEP) reported a revenue of $3 billion, up more than 10% compared to the revenue over the same period last year and beating estimates by $990 million.

Out of the hedge funds being tracked by Insider Monkey, Florida-based investment firm Icahn Capital LP is a leading shareholder in Icahn Enterprises L.P. (NASDAQ: IEP) with 237 million shares worth more than $13 billion.

Just like Amazon.com, Inc. (NASDAQ: AMZN), Berkshire Hathaway Inc. (NYSE: BRK-B), Danaher Corporation (NYSE: DHR), and General Electric Company (NYSE: GE), Icahn Enterprises L.P. (NASDAQ: IEP) is also attracting investor interest in 2021.

Source: Insider Monkey

[winston]

not vested

Icahn Enterprises: 16% Dividend Yield And Market Correction Protection

by Bashar Issa

Summary

Icahn Enterprises will likely maintain the current dividend, yielding 16% at current prices.

Despite distributing more than it earns, 95% of shares are owned by Carl Icahn, who elects to receive the distribution in new equity, minimizing cash outflows.

The cost of cutting dividends is more than the notional amount IEP distributes to public shareholders who own the remaining 5% of shares.

A significant portion of Icahn's portfolio is hedged, protecting assets in case the recent market rout continues.

IEP has significant exposure to the energy sector, amounting to a third of its investment segment assets.

Last quarter, IEP's second-largest exposure by industry was consumer cyclical.

Source: Seeking Alpha

https://seekingalpha.com/article/445771 ... must_reads

[winston]

not vested

Carl Icahn: 'There Could Be a Recession or Even Worse'

By Cristian Bustos

“I have kept everything hedged for the last few years.

We have a strong hedge on against the long positions, and we try to be activists to get that edge… I am negative as you can hear.

Short term, I don’t even predict.”

“I really don’t know if they can engineer a soft landing… I think there is going to be a rough landing.”

Source: ValueWalk

https://247wallst.com/investing/2022/03 ... ven-worse/

[winston]

Billionaire investor Carl Icahn warns ‘the worst is yet to come’ for investors and compares U.S. inflation to the fall of the Roman empire

by Will Daniel

He said that he has managed to outperform his peers by hedging his portfolio.

Source: Fortune

https://finance.yahoo.com/news/billiona ... 40843.html

[winston]

not vested

Icahn drops 10% as Hindenburg takes a short position, accuses Carl Icahn of making a 'classic mistake'

by Senad Karaahmetovic

Making “a classic mistake of taking on too much leverage in the face of sustained losses:

Hindenburg highlights 3 reasons why Icahn shares are “inflated by 75%+”, namely:

1) IEP trades at a 218% premium to its last reported net asset value (NAV), vastly higher than all comparables;

2) clear evidence of inflated valuation marks for IEP’s less liquid and private assets; and

3) the company has suffered additional performance losses year to date following its last disclosure.

Short-seller also accused Icahn of using money taken in from new investors to pay out dividends to old investors.

Source: investing.com

https://www.investing.com/news/stock-ma ... SI-3070159

[winston]

not vested

Carl Icahn targeted by short seller Hindenburg for 'Ponzi-like' structure

by Josh Schafer

IEP’s 15.8% dividend yield, which it said is the largest of any U.S. large cap name.

Icahn has made a classic mistake of taking on too much leverage in the face of sustained losses:

The company is expected to report first quarter earnings on Friday followed by a conference call at 10 a.m. ET.

Icahn Enterprises is a holding company operated by Icahn, who along with his "affiliates" owns 85% of Icahn Enterprises.

Source: Yahoo Fincance

https://finance.yahoo.com/news/carl-ica ... 56782.html

[behappyalways]

Hindenburg Raises "Critical New Questions" About Icahn's Increasing Share Pledges In New Report
https://www.zerohedge.com/markets/hinde ... new-report

[behappyalways]

"Huge" Bearish Bets Gone Wrong Cost Carl Icahn $9 Billion In Losses
https://www.zerohedge.com/markets/huge- ... ion-losses