I'd imagine the numbers look a little weird because of the type of business. Regardless, 90% of the shares are held by the company, so most of the dividend is going right back into IEP's bank account.
My humble evaluation of cash flow (from OLDER FINANCIALS) indicate IEP can not sustain the dividend out of cash flow. While for Mr. Icahn (Treasury Sec to be...OMG!!!!!!!!!!!!!) cutting or screwing with the divie is no big deal, an old Putz like this writer needs the income especially after the stock value has turned to poopoo (an Icahn financial term). Any ideas about dividend continuing at current amount? Please, sane answers only!
Heard he is a good trader. Heard his comments on other stocks too. Anybody heard him talk about this stock? It keeps go down since Jan of this year. Hold or sell?
excellent post..and you no the divy is getting cut
it shud turn around soon - he made billions on selling NFLX - there was also analysts reports that said same
CARLS big bet on LNG has more than offset the other losses. he is UP on NUAN after cashing in tons of low cost options. CHK and RIG will eventually recover somewhat. As long as RIG maintains its dividend he gets paid to wait it out. HLF is a scam and should be shut down. HE made billions on NFLX and is making billions more on apple even at this price PLUS he gets paid again today to hold the shares. Don't worry about Icahn, but IEP is overvalued even down here.
IEP down 50% from highs. Still expensive relative to book value so it could go lower. He owns most of the stock so it appears few others are willing to bet on him here. Should Trump ever really have a chance at the White House, Icahn would be completely distracted by becoming treasury secretary, should that unlikely even occur. Good dividend here now IFFFFF he can maintain it.
I have only recently been following IEP. Can anyone explain why the stock didn't participate in the market rally today? I thought a large holding was in AAPL and Oil infrastructure which both did great today.
Carl will be exporting LNG at much higher prices than the current North American NG market. Both these companies will do well. It will be an end to end business to the Port. Brilliant!
He is getting killed on CHK, RIG, HTZ, NUAN, etc. I replied to a post on June 24th and said IEP would be under $80 within 2-3 months based on these horrible buys and the stock's chart is terrible.