CVI - Icahn Enterprises: Too High A Premium For Genius

• Icahn Enterprises holds many out of favour equities across private and public markets, a signature of Icahn's highly contrarian investment strategy.
• However, at current market rates for the kinds of equities he holds, Icahn Enterprises seems overvalued.
• For upside you'd have to assume major successes in the business turnarounds, and a successful call on the future of mobility, as well as revaluation of US oil companies.
• Long time holders might as well keep holding given that it's a great, albeit weakly undergirded, dividend vehicle and exposure to expert activist investing.
• However, as a newcomer to the stock, it is not appetizing at all.

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