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IEP - Icahn Enterprises L.P.


giofranchi

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  • 3 months later...
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Here is How Carl Icahn’s Picks Lost Twice As Much As The Market in Q3

 

http://www.insidermonkey.com/blog/here-is-how-carl-icahns-picks-lost-twice-as-much-as-the-market-in-q3-377233/

 

Cheers,

 

Gio

 

So he's buying AIG while Berkowitz is selling.  Any thoughts on this?

 

Massive redemptions, likely to accelerate when investors get a huge cap gain bill on a bad (loss) year with most of the portfolio locked up in illiquid securities (what would happen to SHLD tomorrow if he filed showing a sale) versus permanent capital?

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  • 6 months later...
  • 3 months later...

Could be but I have no idea how to value it.  The dividend is interesting but where is it coming from, there is so little apparent earnings.  It is 3x book and about 2x their "indicative value" so based on those simple ratios it looks expensive.  However it has also been much, much higher hasn't it?  If you come across any sites that lay out the thesis let me know.  I suspect this could be a good buy but I can't buy something I don't understand.

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  • 2 weeks later...

This article fails to look at its debt distribution, and makes comparisons with Berkshire over a couple time spans which is relevant to investors of the day but also relevant, far more relevant, is comparative risk and comparing apples to oranges using matching time spans misses the whole point, but its sure a feel good article.

 

 

 

Is Icahn Enterprises Better Than Berkshire?

Is Icahn Enterprises a better investment than Berkshire Hathaway? Past performance certainly seems to indicate so

 

http://www.gurufocus.com/news/462250/is-icahn-enterprises-better-than-berkshire-

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https://www.valueinvestorsclub.com/idea/ICAHN_ENTERPRISES_LP/129611

https://www.valueinvestorsclub.com/idea/ICAHN_ENTERPRISES_LP/138284

 

I'd probably start with these short sale recommendations, update NAV for whatever events / market moves have occurred / adjust for whatever you think the authors / market may have wrong, and then see if its attractive.

 

I've always thought it to be very expensive relative to other "guru" stocks, conglomerates,  and publicly traded funds.

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  • 3 months later...

I don't follow this company. However I understand that Icahn is upping his short positions.

 

Is anyone following this?

 

Is there upside here in an equity market slide or a bond mkt correction or is this just hedging his market exposure so in a downdraft IEP would still tumble? 

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