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Icahn Enterprises L.P. (IEP)

- NASDAQ
  • Apr. 16, 2014, 11:34 AM
    • Icahn Enterprises (IEP +7.3%) gets its tail in the air after Barron's Andrew Bary - who issued a well-timed Sell call on the stock in December (and another one in March) - says the big decline in the shares has them looking undervalued once again.
    • What Icahn calls the "indicative net asset value" is likely still just below $80 per unit, writes Bary, putting them at a little more than a 10% premium - not an unreasonable price given Icahn's investing acumen.
    • In the end, IEP - with Icahn controlling nearly 90% of outstanding units - is a play on CVR Energy (CVI +0.9%), Federal-Mogul (FDML +0.2%). and Icahn's hedge fund which famously holds stakes in Apple, Herbalife, eBay, Transocean, and Chesapeake Energy, offset by some sizable shorts.
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  • Dec. 10, 2013, 9:10 AM
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  • Nov. 11, 2013, 11:34 AM
    • Transocean (RIG +3.8%) enjoys a nice bump after its deal with Carl Icahn (IEP -6.5%) to raise its dividend and move forward with an MLP structure; RIG also announced an offshore and project management-related cost savings target of $500M by the end of 2015.
    • Wells Fargo likes RIG's aggressiveness in pursuing Icahn's value enhancing proposals and the collaboration with Icahn that could imply greater financial discipline going forward.
    • The dividend news is the most surprising, Howard Weil says, as RIG mentioned going to its board for MLP approval on its last conference call.
    • Some of the news may have been priced in last week; shares have jumped 12% in three days, so today's gain may prove short-lived.
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  • Aug. 13, 2013, 2:57 PM
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  • Jun. 11, 2013, 6:27 PM
    Icahn Enterprises (IEP) announces a public offering of depositary units representing limited partner interests in Icahn Enterprises. The proceeds from the offering will be used solely for the recapitalization of Federal-Mogul (FDML). Credit Suisse, UBS and Jefferies are acting as the joint book-running managers. Shares -5.1% AH.
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  • Jun. 11, 2013, 5:30 PM
    After-hours top gainers, as of 5:15 p.m.: RMBS +8%. ULTA +8%. LND +5%. BNNY +5%. Z +3%.
    After-hours top losers: IEP -5%. FSLR -4%. BCOV -3%. GOL -3%. NCT -3%.
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  • May. 20, 2013, 10:27 AM
    A number of auto supplier stocks trade higher again as enthusiasm from last week on global demand spills over to early trading this week. A Goldman Sachs upgrade on Meritor (MTOR +6.7%) to a Buy rating is also helping to lift sentiment. Advancers: Federal-Mogul (FDML) +1.9%, Oshkosk (OSK) +1.4%, Icahn Enterprises (IEP) +2.8%, Stoneridge (SRI) +3.8%.
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  • Apr. 10, 2013, 9:53 AM
    Icahn Enterprises (IEP +1.8%) is initiated at Jefferies with a Buy recommendation and a $66 price target. Calling IEP "old school activism at its best," the firm believes "the current backdrop for activist type investing could lead to strong returns." Note: Jefferies was lead book runner for the IEP follow-on offering in February.
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  • Apr. 8, 2013, 3:48 PM
    There's value to be found in Icahn Enterprises (IEP +11%), Carl Icahn's publicly traded MLP which has earned nearly 20% annually over the past decade, Barron's says in a weekend article. At $55, the units trade at a discount to the $64 sum-of-the-parts value and yield 7%, reflecting a recently initiated $4/share annual payout. IEP’s largest holding is an 82% stake, worth $3.6B, in CVR Energy (CVI +0.3%).
    | 2 Comments
  • Mar. 1, 2013, 11:24 AM
    Icahn Enterprises (IEP -12.5%) prices its secondary at $63/unit, giving Icahn another $200M with which to battle Bill Ackman on Herbalife (HLF +3%). (PR)
    | 10 Comments
  • Mar. 1, 2013, 9:10 AM
    Premarket gainers: ISRG +9%. SHS +8%. CERS +8%. DECK +8%. SQNM +7%. BBY +6%. PGH +5%.
    Losers: AT -34%. FWLT -17%. OVTI -15%. RNIN -14%. IEP -12%. ENMD -12%. YOKU -11%. SD -8%. LYG -8%. CWH -6%. RBS -6%. DB -5%.
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  • Feb. 28, 2013, 5:59 PM
    After-hours top gainers, as of 5:15 p.m.: SFLY +8%. DECK +8%. XXIA +8%. CRM +5%. GRPN +4%.
    After-hours top losers: YOKU -17%. OVTI -10%. TRX -8%. IEP -6%. SONS -6%.
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  • Feb. 11, 2013, 12:45 PM
    Midday top 10 gainers: OBT +37%. ZN +22%. MLNK +17%. OESX +14%. MDCI +13%. MCBC +13%. UNXL +11%. XRSC +11%. DMND +11%. IEP +11%.
    Midday top 10 losers: NVO -15%. GMXR -14%. DSKX -11%. ESTE -10%. AMBO -10%. CRVP -9%. ALCS -8%. GALT -8%. HEK -8%. BIOL -8%.
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Company Description
Icahn Enterprises LP is a diversified holding company owning subsidiaries engaged in nine primary business segments: Investment, Automotive, Energy, Gaming, Railcar, Food Packaging, Metals, Real Estate and Home Fashion.
Sector: Financial
Country: United States