Carl Icahn Comes Under Fire!

Head to to start your free 30-day trial, and the first 200 people get 20% off an annual premium subscription.

Legendary corporate raider and activist Carl Icahn found himself on the wrong side of a familiar battle this week when the short selling investment firm Hindenburg Research took aim at Icahn’s publicly traded holding company, alleging in a new report that Icahn Enterprises L.P. (IEP) is overstating the value of its private asset portfolio, and that its publicly traded stock units–85% of which Icahn owns–are “significantly overvalued.”

Icahn’s fortune fell over 35%, from $18.3 billion on Monday afternoon to $12 billion as of Tuesday’s market close. Icahn Enterprises units tumbled 20% on Tuesday, shaving $3 billion in market value off Icahn’s fortune. Forbes then trimmed Icahn’s estimated net worth by another $3.6 billion, after it was revealed that Icahn had pledged over half of his IEP shares as collateral against unknown personal debts.

Hindenburg is a short selling activist hedge fund run by Nate Anderson who is most famous for having released a video of Nikola’s electric truck prototype being towed up a hill in order to be pushed down to make a promotional video showing that the technology was fully operational. He claims that Icahn Enterprises has a Ponzi-like economic structure.

Patrick's Books:
Statistics For The Trading Floor:
Derivatives For The Trading Floor:
Corporate Finance:

Patreon Page:

Visit our website: www.onfinance.org
Follow Patrick on Twitter Here:

Patrick Boyle On Finance Podcast:
Spotify:
Apple:
Google Podcasts:

Join this channel to support making this content:

Related Posts

72 thoughts on “Carl Icahn Comes Under Fire!

    1. The sarcasm/wit is exceptional and yet…. Educational… Subjectively! PB content definitely a high point of the week

  1. The fact that the dividend was 15% before the price drop suggests that some people had a hint that things were wrong all along.

    1. Limited partnership dividends are from cash flow not paid out from earnings thus they are generally higher than qualified dividends

    2. Realistically he should have been buying in those shares with a 15% yield. Getting a guaranteed 15% is pretty sweet.The fact that he was selling them should raise a big red flag.

    3. Meanwhile here in Australia THAT’S NORMAL returns for the mining industry. You Americans get such CRAP returns, getting excited over 7%.

    4. @Link Knight well ive watched friendly jordies enough time to now which BRUZZZZ is making fat stacks in Aussie land

  2. Ackman and Carl had probably the most awkward hug in stock market history. I don’t know if they were afraid they were going to steal from each other pockets

    1. It was really a strange mix of trying to look enthusiastic for a hug and then try to avoid physical contact

    1. Really wish Ackman won that one. Not for him but just so that Herbalife gets hurt and maybe set a record for that type of companies

    2. He’s quite a destroyer of companies. Comes in, FIRST everyone’s wage drops, people leave and new hotes are idiots or drug addicts because the rate is SO bad, then he strips the place of ALL the decent stuff especially any new equipment on lease, and you’re back to doing it the hard way with a bunch of fumbling idiots or addicts, and eventually you quit too. Heard of from a former Pep boys employee.

  3. So you’re telling me that the guy who was one of the inspirations for Gordon Gekko is NOT a paragon of virtue and ethics? I AM SHOCKED, SHOCKED!!!

    1. Excellent, Norm. But Normie, Normie, Normie, you forgot your lines: shocked and chagrined, mortified and stupefied. That’s what you wanted to say. Because the light was on

    2. @cdreid9999 Gekko was more thinking about something like ambition, willpower and direction. Its an evolutionary drive not pure hedonism and gluttony.
      Its a drive for improvement.

  4. It still amazes me how much these videos fill me with knowledge and make me laugh at the same time.

    1. So good 😂. Surely Carl has some block chain technology to include in this Ponzi somewhere?!

  5. Hindenburg strikes again! Never would’ve thought of short sellers as doing good work, but seems like they put a lot of focus on breaking up scams and frauds

    1. That’s kind of the whole point of short sellers. Without short sellers the only incentive there is less incentive to expose fraud and scams.

  6. There are several strategies that Carl Icahn can utilise:

    1. Fire employees
    2. Buybacks
    3. Promise vaporware
    4. Declare bankruptcy
    5. Mention AI & how it’ll improve his business

    1. These would all unironically tank his stock price as well. If investors key in that any piece fo hindenburgs report is factual they will jump ship guaranteed

    2. He just needs to 3d print some marijuana AIs on the block chain and announce funding is secured at $42.69.

  7. “He was accused of being a asset strpper (the worst kind of stripper) in his dealings” funny af 🤣

  8. Patrick masters the art or serious humor and information. Never disappoints. Well done as always

  9. I just watched your video and I absolutely loved it! I found your presentation to be incredibly informative and engaging. You did a great job of breaking down complex concepts into easy-to-understand terms. I also appreciated the humor and personal anecdotes that you sprinkled throughout the video. It made the content more relatable and enjoyable. You’re one of the few YouTubers who I can consistently count on to deliver high-quality content. Keep up the great work! “I outsourced this feedback to AI”

  10. “Its been over 100 years since we’ve heard anyone speak positively of a ponzi”
    SBF 2022: hold my beer 14:11

  11. It is important for beginners in trading and investing to understand that success in these fields requires more than just technical analysis. Emotional maturity and self-discipline are equally important, as they enable traders to make rational decisions even during periods of market volatility. This means that consistently investing over a long period of time is generally more effective than trying to time the market by buying and selling based on short-term market fluctuations. Learning is crucial for success in trading and investing. Keeping up with current trends and strategies can help traders stay ahead of the curve and make informed decisions. I’m glad to hear that Gregory Thomas Patchak insights and strategies have been helpful to most of us. Remember, success in trading and investing takes time and effort,but with dedication and discipline, it is achievable.

    1. The financial markets are full with opportunities, but l’ve learned a lot over the past few years to doubt that. The key is knowing where to focus. Well appreciated, Gregory Thomas Patchak

    2. Riding the market wave entails understanding the market volatility, Gregory Thomas Patchak has been doing an awesome job reviewing the charts, enabling me to capitalize on the volatility via day trading.

    3. __It’s remarkable to have faith in someone who can consistently deliver profits under any circumstances, and they never disappoint. I trust Gregory Patchak implicitly, and since trading with him, it’s been nothing but victories…

    4. -I just looked up his name on Google and saw his impressive resume. I consider myself lucky to have found this comment area..

Leave a Reply to wes west Cancel reply

Your email address will not be published. Required fields are marked *