Why I'm still holding Icahn Enterprises IEP stocks
Hindenburg Research posted a short report on Icahn Enterprises $IEP and announced they are shorting the stock. This lead to a crash of over 30% in IEP.
Icahn Enterprises is the main investment vehicle of legendary activist investor, Carl Icahn. The company is structured as a master limited partnership with Carl Icahn owning 85% of it.
According to Hindenburg Research, there are three problems with Icahn Enterprises:
1. It is overpriced compared to peers
2. The 15% dividend yield is unsustainable
3. Some of their assets are inflated
In this video, I look at the report and I share my views on it and why I'm still holding.