Carl Icahn’s Icahn Enterprises Heading Towards Junk Territory

Famed activist investor Carl Icahn is on the brink of being junk’d. His Icahn Enterprises is now on credit watch at Standard & Poor’s thanks to his big commodity and energy bets – $CHK $FCX $RIG $LNG, anyone?

S&P has Icahn’s BBB- rated on watch with negative implications and 1-in-2 likelihood that it’ll lower the rating in the next 3 months, which would put IEP in junk territory. IEP has ~$1.2 billion in loans due Jan. 2017.

Join our free newsletter for some exclusive info we don’t share elsewhere.

Vanguard’s move into PE may change the landscape forever

Private equity has been growing in popularity in recent years as more and more big-name funds and institutional investors dive in. Now even indexing giant Vanguard is out to take a piece of the PE pie. During a panel at the Morningstar Investment Conference this year, Fran Kinniry of Vanguard, John Rekenthaler of Morningstar and Read More

Roughly 45% of IEP’s EBITDA was coming from energy-related investments as of June 2015. Shares of IEP are still at 3-year lows and down 50% in the last 12 months.

Carl Icahn’s Icahn Enterprises Heading Towards Junk Territory by Activist Stocks