Is Icahn Enterprises Stock a Buy?
Icahn Enterprises (NASDAQ: IEP) is the holding company of famed activist investor Carl Icahn, who has a long track record of successfully identifying undervalued companies and actively influencing them to become more valuable.
Investors may be drawn to the stock because of its hefty dividend payout. Over the past 12 months, the company has paid out $4 per share in dividends, giving it a trailing dividend yield of 23.7%. If you're considering buying Icahn Enterprises for its lofty dividend payout, you must consider a few things first.
Carl Icahn considers himself a value investor, but he takes a much more active role in influencing the companies he invests in. He looks for undervalued companies that are underperforming, takes a large stake in those companies, and plays a role in reshaping management or a company's strategy to unlock more value for shareholders.
Source Fool.com
