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.
