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Iep

All articles tagged with #iep

finance2 years ago•0 min saved

Carl Icahn's Investing Arm Suffers 61% Losses in August.

Icahn Enterprises LP's stock fell another 3% on Friday, extending its month-to-date losses to 61%. The stock has been under pressure since a May 2 report by Hindenburg Research accused Icahn's publicly traded investment vehicle of inflating asset values. The report has cost IEP more than $10.9 billion in lost market cap. Bill Ackman, founder and CEO of Pershing Square Capital Management, weighed in on the Hindenburg report with some thoughts of his own, reviving a longstanding feud between the two billionaires.

via MarketWatch|

#bill-ackman #carl-icahn #finance

finance2 years ago•1 min saved

Bill Ackman's Comments Cause Icahn Enterprises Stock to Plummet.

Shares of Carl Icahn's investment firm, Icahn Enterprises LP, fell by as much as 24.7% to $18.03, their lowest in nearly two decades, after Bill Ackman called out the company's high valuation on Twitter. This comes after short-seller Hindenburg Research's scathing attack on the company three weeks ago. Ackman echoed Hindenburg's allegation that IEP was relying on a "Ponzi-like structure" to pay dividends. At least one technical indicator suggests that the selloff in IEP shares is overdone.

via Yahoo Finance|

#bill-ackman #carl-icahn #finance

business2 years ago•1 min saved

Ackman reignites feud with Icahn as IEP stock slumps.

Shares of Carl Icahn's investment firm, IEP, fell by as much as 24.7% to $18.03, the lowest in nearly two decades, after Bill Ackman called out the company's high valuation. This comes after short-seller Hindenburg Research's scathing attack on the company three weeks ago. Ackman tweeted that IEP was relying on a "Ponzi-like structure" to pay dividends. At least one technical indicator suggests that the selloff in IEP shares is overdone.

via Reuters|

#bill-ackman #business #carl-icahn

finance2 years ago•3 min saved

Ackman and Icahn's feud escalates amidst Hindenburg report fallout.

Bill Ackman has reignited his feud with Carl Icahn by questioning the valuation of Icahn Enterprises (IEP), whose company has become the target of short-seller Hindenburg Research. Ackman said the situation had jeopardized Icahn’s fund and that the stock had dropped more than 50% since the Hindenburg report was published on May 2. Icahn has personally lost $15 billion. The bad blood between the moguls goes back two decades after a dispute over a 2003 deal involving Hallwood Realty.

via New York Post |

#bill-ackman #carl-icahn #finance

finance2 years ago•1 min saved

Ackman and Icahn's IEP suffer losses after Hindenburg report.

Billionaire investor Bill Ackman has questioned the valuation of Carl Icahn's flagship firm, Icahn Enterprises, after it became the target of short-seller Hindenburg Research. Ackman noted that the company's premium had been sustained by a large dividend yield, which is generated by returning capital to outside shareholders, funded by the company selling stock to investors. Hindenburg has accused IEP of overvaluing its holdings and relying on a "Ponzi-like" structure to pay dividends. Shares in IEP have lost more than half their value so far this year.

via Yahoo Finance|

#bill-ackman #carl-icahn #finance

business2 years ago•1 min saved

Icahn's counterattack recovers billions lost after Hindenburg report.

Carl Icahn, the 87-year-old activist investor, has said he is ready to fight back against Hindenburg Research after its report last month caused his wealth to fall by $15bn. Icahn's net worth has slumped from nearly $25bn to just under $10bn since the short-seller said Icahn Enterprises was significantly overvalued on May 2. Hindenburg alleged that Icahn's holding company inflated asset valuations and used "ponzi-like economic structures" to move money from new investors to older ones.

via Markets Insider|

#activist-investor #business #carl-icahn

business2 years ago•2 min saved

Icahn's Empire Loses Billions After Short Seller Report.

Carl Icahn's holding company, IEP, lost over $6 billion in value after a critical report from short seller Hindenburg Research accused the company of over-valuing its holdings and relying on a "Ponzi-like" structure to pay dividends. Icahn called the report "self-serving" and stood by IEP's statements about its finances. IEP shares hit an intraday low of $31.78, their lowest in more than a decade. The Hindenburg report has wiped $7.5 billion off Icahn's fortune, leaving him with a net worth of $10.8 billion, according to Forbes.

via Reuters|

#business #carl-icahn #hindenburg-research