Carl Icahn’s Icahn Enterprises (IEP), his publicly traded public investment vehicle, is now at three-year lows after his very bad year of commodity investing continues.
Chesapeake Energy, by all accounts, is headed for bankruptcy and his ousting of Cheniere Energy founder/CEO Charif Souki hasn’t paid off, with the stock falling 60% since Icahn invested. Let’s not forget Transocean and Freeport McMoRan either.
IEP ihas lost some 70% of its value from its post financial crisis high in 2013.
In April, Li Lu and Bruce Greenwald took part in a discussion at the 13th Annual Columbia China Business Conference. The value investor and professor discussed multiple topics, including the value investing philosophy and the qualities Li looks for when evaluating potential investments. Q3 2021 hedge fund letters, conferences and more How Value Investing Has Read More
Chesapeake Energy Corporation (CHK) – Carl Icahn’s No Good Year by Activist Stocks