Viskase: Global Casing Major Trading At Just 5.5x EV/EBITDA

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 ...