An investment opportunity that may interest some - Icahn Enterprises (IEP)
I ran across an article in Barron's —it should be free—detailing a bullish case for Icahn Enterprises (IEP). I don't usually share the opinion of mainstream publications but this is an interesting opportunity. I don't invest in companies like these but I think some of you may find it worth researching. Here is a snippet from Barron's (bolds are by me): ICAHN ENTERPRISES, A diversified investment company run by Carl Icahn, offers the little guy a good way to play alongside the Wall Street billionaire. Structured as a limited partnership, the company has a $2 billion stake in Icahn's hedge fund, Icahn Partners; $1 billion of real-estate holdings, including two office towers in Atlanta and Dallas; $840 million of cash, and $1.6 billion of investments in other public companies, including a 75% interest in auto-parts maker Federal Mogul (ticker: FDML). Shares of Icahn Enterprises (IEP) trade for 33, far below a 2007 peak of 134. They also sell at a discount to the c...