2024-05-13 11:00:00 ET
Summary
- IEP stock underperformed the market over the last 4 months.
- Base business produces no earnings and revenues were lower compared to last year.
- Cash levels are decreasing and unit count is increasing.
- We tell you how much longer this massive distribution will continue.
In our last coverage of Icahn Enterprises L.P. ( IEP ), we pointed out what was happening with the company and why the stock will likely drop sharply, relatively soon....
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For further details see:
Icahn Enterprises: The 22% Yield Keeps Luring In Speculators