Seeking Alpha

Icahn Enterprises raises distribution 20%

  • In an annual letter of his own Carl Icahn announces a boost in the annual distribution for Icahn Enterprises (IEP) to $6 per unit from $5.
  • "Our history demonstrates that the greatest opportunity to make money for our unitholders is to gain control of badly managed companies with undervalued assets ... There are a number of valuable jewels in many of America’s companies today, unfortunately buried under mediocre management and corporate bureaucracy."
  • Shares +0.7% premarket
Comments (3)
  • jackson0030
    , contributor
    Comments (14) | Send Message
     
    Go Carl!!! You are what you preach (shareholder friendly).
    3 Mar 2014, 06:09 PM Reply Like
  • mjtroll1
    , contributor
    Comments (1555) | Send Message
     
    current market cap at 114.48 is 113.4 b.. year end was 9.1 for a 47% premium.. would welcome comments
    4 Mar 2014, 11:49 AM Reply Like
  • mjtroll1
    , contributor
    Comments (1555) | Send Message
     
    should be 13.4 b vs 9.1
    4 Mar 2014, 11:50 AM Reply Like
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