Icahn Enterprises(IEP)
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Icahn Enterprises: The 22% Yield Keeps Luring In Speculators
Seeking Alpha· 2024-05-13 15:00
wildpixel/iStock via Getty Images In our last coverage of Icahn Enterprises L.P. (NASDAQ:IEP), we pointed out what was happening with the company and why the stock will likely drop sharply, relatively soon. So there are two things we can conclude from that. The first being there is no such thing as an efficient market. The second being that income investors will ride a stock to zero as long as they get "paid" (used really, really satirically here) to wait. We see IEP now poised for a sharp drop as marke ...
Icahn Enterprises L.P. Intends to Offer New Senior Notes
Prnewswire· 2024-05-13 12:10
SUNNY ISLES BEACH, Fla., May 13, 2024 /PRNewswire/ -- Icahn Enterprises L.P. (NASDAQ: IEP) – Icahn Enterprises L.P. ("Icahn Enterprises") announced today that it, together with Icahn Enterprises Finance Corp. (together with Icahn Enterprises, the "Issuers"), intends to commence an offering of $500,000,000 aggregate principal amount of Senior Unsecured Notes due 2030 (the "Notes") for issuance in a private placement not registered under the Securities Act of 1933, as amended (the "Securities Act"). The Notes ...
2 Dividend Stocks to Avoid in May
24/7 Wall Street· 2024-05-12 12:10
2 Dividend Stocks to Avoid in May alphaspirit / Shutterstock.com 24/7 InsightsDividend stocks historically make of one-third of S&P 500 total returnsTo high a yield should be a red flag worth investigatingAccess 2 legendary, high-yield dividend stocks Wall Street lovesSince 1926, dividends have contributed approximately 32% of the total return for the S&P 500, while capital appreciations have contributed 68%. Therefore, sustainable dividend income and capital appreciation potential are essential for total ...
Icahn Enterprises(IEP) - 2024 Q1 - Quarterly Report
2024-05-08 21:19
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark one) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period from to (State or Other (Exact Name of Registrant as Specified in Its Charter) Jurisdiction of (IRS Employer (Address of Principal Executive Offi ...
Icahn Enterprises(IEP) - 2024 Q1 - Earnings Call Transcript
2024-05-08 17:30
Company Participants Conference Call Participants Operator I would now like to hand the call over to Robert Flint who will read the opening statements. Thank you, operator. The Private Securities Litigation Reform Act of 1995 provides a Safe Harbor for forwardlooking statements that we make in this presentation, including statements regarding our future performance and plans for our businesses and potential acquisitions. Icahn Enterprises L.P. (NASDAQ:IEP) Q1 2024 Earnings Conference Call May 8, 2024 10:00 ...
Why Shares of Icahn Enterprises Are Up Today
The Motley Fool· 2024-05-08 16:47
Losses narrowed and it kept its high-yielding dividend intact.Icahn Enterprises (IEP 4.08%) delivered its first-quarter results before the opening bell Wednesday, narrowing its net losses year over year and keeping its mouth-watering dividend at its previous level. Investors reacted positively to the news, sending shares of the holding company up by as much as 5% in morning trading. As of 12:06 p.m., they had retreated slightly, but were still up by 4.1%.Better results, stable dividendIcahn Enterprises is t ...
Icahn Enterprises(IEP) - 2024 Q1 - Earnings Call Presentation
2024-05-08 15:43
2023 • As of March 31, 2024, the Funds had a net short notional exposure of 27% • CVR Refining is an independent petroleum refiner and marketer of high-value transportation fuels in the midcontinent of the United States • Adjusted EBITDA attributable to IEP decreased by $111 million to $118 million for Q1 2024 compared to $229 million in the prior-year quarter • We conduct our Automotive segment through our wholly owned subsidiaries, Icahn Automotive Group LLC ("Icahn Automotive") and our wholly owned subsi ...
Icahn Enterprises(IEP) - 2024 Q1 - Quarterly Results
2024-05-08 12:00
Exhibit 99.1 Icahn Enterprises L.P. (Nasdaq: IEP) Today Announced Its First Quarter 2024 Financial Results Sunny Isles Beach, Fla, May 8, 2024 – · First quarter net loss attributable to IEP of $38 million, an improvement of $232 million over prior year quarter · First quarter Adjusted EBITDA attributable to IEP of $134 million, an increase of $39 million over prior year quarter · Indicative Net Asset Value was approximately $5 billion as of March 31, 2024, an increase of $194 million compared to December 31 ...
Icahn Enterprises L.P. Announces Q1 2024 Earnings Conference Call
PRNewsWire· 2024-04-29 22:00
SUNNY ISLES BEACH, Fla., April 29, 2024 /PRNewswire/ -- Icahn Enterprises L.P. (Nasdaq:IEP) announced today that it will discuss its first quarter 2024 results on a webcast on Wednesday, May 8, 2024 - 10:00 a.m. Eastern Time. To access the webcast, viewers should go to this link (webcast). We encourage viewers to access the webcast 15 minutes ahead of the scheduled start time. A replay of the webcast will also be available for at least twelve months at Icahn events and presentations.Icahn Enterprises L.P., ...
Viskase: Global Casing Major Trading At Just 5.5x EV/EBITDA
Seeking Alpha· 2024-04-09 07:12
woraput Introduction I was going through the May 2023 report of short seller Hindenburg Research about conglomerate Icahn Enterprises (NASDAQ: IEP) and what peaked my attention was the deep discrepancy mentioned between the net asset value (NAV) and market valuation for meat packaging firm Viskase (OTCPK:VKSC): As one example, as of December 2022, IEP reported 90% ownership in shares of Viskase, a publicly traded meat packaging business. Typically, publicly traded companies are marked at their share price f ...