Icahn Enterprises' Future Uncertain After Hindenburg Takedown.

Shares of Icahn Enterprises have fallen over 50% due to a short report from Hindenburg and investor Bill Ackman. The company pays $8 per unit in dividend annually, resulting in a yield of almost 40%. However, the sustainability of this payout is uncertain due to the company's overleveraged position and fluctuating revenues. The company's unit offerings have caused dilution, but the decline in new shares issued and low bar of sales and earnings growth may mitigate this. The biggest risk is a potential distribution cut, which could significantly impact the company's share price. Despite the risks, the author believes a position in Icahn Enterprises is worth it for the potential high yield and future revenue growth.