IEP trades at a premium to its NAV, even the NAV that the company proposes. The dividend getting cut may actually be relatively welcome news to a value investor assuming that this is a good moment to consolidate ownership of CVI. However, a value investor should not be able to get past the premium to NAV that has existed on the instrument for a while, likely because of the large dividend.
Icahn Enterprises L.P. (NASDAQ:IEP ) Q3 2024 Earnings Conference Call November 8, 2024 10:00 AM ET Company Participants Andrew Teno – President and Chief Executive Officer Ted Papapostolou – Chief Financial Officer Robert Flint – Chief Accounting Officer Conference Call Participants Dan Fannon – Jefferies Andrew Berg – Post Advisory Group Bruce Monrad – Northeast Investors Trust Operator Good m...
Icahn Enterprises , headed by billionaire activist investor Carl Icahn, said on Friday it has submitted a proposal to boost its stake in refiner CVR Energy to 81.3%.
Icahn Enterprises is reducing its dividend to 50 cents a share. The cut stems from Carl Icahn's proposal to acquire additional shares of CVR Energy, a renewable fuels and petroleum refining business.
StocksGuide is the ultimate tool for easily finding, analyzing and tracking stocks. Learn from successful investors and make informed investment decisions. We empower you to become a confident, independent investor.