IEP or Icahn Enterprises drops 40% on a short seller report. This brings the dividend to over 20% based on the fall of the stock price. Is this an opportunity or something to avoid.
Leave me a comment on your thoughts. Enjoy!
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Icahn has paid a dividend for like the last almost 20yrs so that should say something. It is a risky play but if drops more it might be worth opening a smaller size holding just for the juicy dividend. And if the price shoots back up that’s just icing on the cake
Interesting strategy. Thanks for sharing.
Interesting. Added to my watchlist, thank you.
Glad you found it helpful!
Yield is 21% percent. Ex div date is 5/19.
Thanks for sharing this information on the dividend.
In the last 4 consecutive quarters, IEP has a negative EPS of: <0.75>, <0.74>, <0.37>, & <0.41>. I would not touch a company with 4 straight quarters of big losses. I agree with the short seller, eventually the big dividend will need to be cut. No company can have big losses, and keep paying big dividends, even with a guru leader. This is an example of a company with a famous person, running a company during a time of cheap money creating excess…. Maybe it bounces back, but IEP has bad risk/reward.
Thanks for your thoughts Bennie! Appreciate your input and comment.
Yeah, this situation is all very interesting haha
Yes for sure!
IEP has authorized a share buyback. $500 million.
Thanks for sharing this info!
Awesome Video! I just made a Carl Icahn video haha and I was looking on Youtube for others who had too. Subscribed!
Thanks Bruce. I will check out your video.
Can you do an analysis on AQST? They got a $24 price target and only $2.50 right now. They make oral film medicine like listerine strips and are bringing an end to needles. Also are now profitable. Might be a good swing play for us to like $4-6
I will take a look at it, thanks for sharing.