- 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.
For further details see:
Icahn Enterprises: Too High A Premium For Genius