The Tortoise Strategy: Part 17 - Icahn Enterprises Owners Can Boost Yield 131%
- This is part 17 in a continuing series on building a dividend income equity portfolio with lower market risk and boosted yield using covered option writing.
- Icahn Enterprises L.P. is evaluated for value and yield boost using covered option writing.
- Historical performance of this activist investor conglomerate has been dazzling, but blinds some investors to some fundamental flaws.
- IEP is overvalued. Market cap is $11.67 billion and Net Asset Value at 12/31/2013 was $9.13 billion, a 27.82% premium to the NAV, based on Icahn's own calculations.