Started initial DD on this one today. Usually stay away from Ichan stocks but the yield is enticing. Any quick history lessons would be appreciated. I would say serious reply only but I know that wont happen
I like what Ichan buys, and I own IEP...one of the best performers of the last 12 months....follow the money...Ichan is the money. CVI has a refiner and UAN..both in the lower end of their respective price cycles....get paid 8% while you wait for CVI to go up......no brainer.....however, I would not hold this if the market corrects....it could be down below $30 if that happens....then, you buy.
I have owned this one for a while, and I'm waiting to get out of it. Ichan stocks can (and do) go down so fast that you get a nose bleed. I've lost money on his stock before, and didn't learn. But you need to decide for yourself. Best of luck.
I have never bought anything Ichan owns and that did not bring me here. What did is a low debt high yielder with a very good profit outlook stock that has been taken out to the woodshed. Refinery fundamentals look very good. This stock will not be expensive at twice the price.