Is Icahn Enterprises Stock a Buy?
Carl Icahn is one of the top activist investors in the world. Icahn is a legend in the investing world for his ability to identify undervalued companies and push for changes in management or strategy that can help make those companies more valuable.
Icahn has 57% of his investment portfolio invested in a single stock: Icahn Enterprises (NASDAQ: IEP). The stock offers an impressive dividend yield nearing 29% but has faced significant scrutiny over the past year. As a result, its price has fallen 66% since May 2023. Although Icahn Enterprises offers an appealing dividend, there are some things you'll want to consider before buying the stock.
Carl Icahn has an impressive history of investing success. Icahn takes a value approach, much like Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) CEO Warren Buffett does. However, their investment styles do have some significant differences.
Source Fool.com
