Icahn Enterprises LP (IEP)

[ItsMyOption]

Top Dividend stocks to buy now!
in this article = https://www.insidermonkey.com/blog/10-dividend-stocks-with-over-9-yield-according-to-analysts-1289046/

8. Icahn Enterprises LP Common Stock (NASDAQ:IEP)
Average Analyst Price Estimate: $25

Upside Potential: 44%

Billionaire Carl Icahn-led conglomerate Icahn Enterprises LP Common Stock (NASDAQ:IEP) is one of the dividend stocks with 9% yield that has high upside potential based on analyst price estimates. Wall Street analysts expect the stock to reach $25, while it was trading at around $17 as of April 14. The company talked about dividends and other important business matters in an earnings call in February:

“CVI declared a fourth quarter cash dividend of $0.50 per share. And now to our Automotive segment. As we previously discussed, the segment has undergone significant change due to the deconsolidation of Auto Plus in January of 2023. The segment results throughout 2023 are made up primarily of automotive service operations as compared to 2022, which also included the aftermarket parts operations of Auto Plus.

Q4 2023 automotive service revenues were down $15 million compared to Q4 2022, driven by store closures and lower car count. Adjusted EBITDA was $28 million for the quarter, a $71 million improvement as compared to Q4 2022, mainly due to the exit of the Auto Plus aftermarket parts business. Now, turning to our Real Estate segment. Q4 2023 net sales and other revenues increased by $8 million and adjusted EBITDA increased by $3 million compared to the prior year quarter, primarily driven by the sale of single family homes. Now on to our Other Operating segments. Food packaging’s adjusted EBITDA was flat for Q4 2023 as compared to the prior year quarter. The quarter-over-quarter comparison was positively impacted by pricing initiatives and lower distribution cost, which was offset by lower sales volume.”

[ItsMyOption]

Today is the $1.00 per share dividend pay date. Does anyone know when it gets deposited into our accounts from past payments?

[ItsMyOption]

IEP has weekly options so today is the weekly expiration day. It looks like again the MM will pin the closing price ether just above or below $17.00 depending on which side they own the most options. My guess is it will close ether at or just above $17.00 so don't expect a big move today. Long term I like it! Anyone that held IEP on March 10 will receive $1.00 per share dividend on April 18th. It also looks like IEP has shed many losing stocks in 2023 and has moved into many that should go up in 2024

[bar1080]

Chart shows it's still dropping.

[Zilla]

Still in that 17 trading range...
200DMA 18.86
50DMA 17.87
So still got time but should run if divi is maintained...

[ItsMyOption]

Zilla, I have been accumulating IEP through STO-sell to open PUTS. I look at Bollinger bands and support zones and look out at a option expiration date that falls right before my expected X-DIV. date. I can collect a nice premium which I keep if the pps closes above my strike price.

On Friday I had lots of $17.50 but was only assigned about half as the pps was close $17.47 but I collected about $1.25 per share in premium. I am now looking out at April 26 option expiration and may look at the 19 or 20 strike price to collect big premium and if assigned collect div in the next month. IMO long term IEP should go up

[Zilla]

Since ex-divi stock broke below 17 two trading days and is around 17.50 currently.
200DMA @ 19.23
50DMA @ 17.79
It's going to take time but one day we will see a golden cross here in IEP. Before then it will probably find a trading range be it higher or lower than last time I have no clue but I'm back in either way we go. Will add if needed on drops. Big POPS I'll probably sell so slow and low is a good tempo.

[ItsMyOption]

Today March 8th is the weekly Option expiration day and important one as it falls on EX-Div date. One would need to own IEP today to collect dividend April 18th.
I see a lot of PUT open interest at the $18, 18.50 and 19.00 so IMO we will see MM pin the closing price just below $18.00 to force those like me that have STO PUTS to get assigned IEP but not able to collect this quarter dividend. Today is a great day to own IEP as it pays a nice $1.00 per share dividend on April 18th

[bar1080]

"Icahn Enterprises <<< Warns >>> of Drop in Asset Value, Names Insider Teno CEO"

"(Reuters) -Icahn Enterprises on Wednesday warned of a sequential decline in its indicative net asset value in the fourth quarter, sending shares of the investment firm, which named insider Andrew Teno as its CEO, down 11%.

The drop in a key metric that gauges the value of a fund's assets adds more pressure on IEP's stock, which saw a selloff last year after short seller Hindenburg Research bet against the firm.

Hindenburg in May accused billionaire Carl Icahn-owned IEP of overvaluing its holdings and relying on a "Ponzi-like" structure to pay dividends. The company's units were overvalued by more than 75%, the short seller had alleged."

https://money.usnews.com/investing/news/articles/2024-02-21/icahn-enterprises-names-insider-andrew-teno-as-ceo

[Zilla]

Hit 21.06 and the 200DMA is 21.05....Next week could be a hell of a ride...Watching and waiting.

[Zilla]

Hit 20.81 so far today. Decided to sell my Friday 20 calls for .50 as I got them for .15 so more than 200% profit is how to not get slaughtered. Also saw a 'gap' just a hair under 20 as it opened and gapped up with range so far of 20.27-20.81 so I'll wait and see if that gap fills first.

[Zilla]

Hit 19.50 today and is in the middle of the 200 and 50 DMA's
200DMA 21.52
50DMA 17.33
IEP closed @ 19.11
Direction depends on the divi....Kept/raised and in 20's, cut and new 52 week low under 15...

[Zilla]

A week later and we're in the same place. lol 17.50's Looks like a 17-18ish range until news then either direction is possible. Could also trade down if the market corrects but I've got no clue. Markets like to go up in election years... Been jumping in and out of this and others as they fall into patterns. Always good to have dry powder just in case.

[ItsMyOption]

Zilla, today is Option expiration date. There was a lot of $17.50 Calls and Puts sold bought and my guess is those big MM will stick the closing pps ether above or below that $17.50 and my bet is it will close above 17.50

[Zilla]

Back in IEP with Congress kicking the debt ceiling can down to March...Gives a bit more time to see what Uncle Carl can do. Probably nothing but we shall see. As long as it's NOT another divi cut then IEP should do good. Another 50% cut to .50 and I'd expect close to 10-13 trading range. Currently 17.55

[bar1080]

Yet, you've only posted on that board once.

[FreeFNMA]

I think I'm correct on this stock pick. I am an expert in underwriting a company and this one is gana go up. Just my opinion but I just did a 4 bagger on draftkings and made a mill

[Zilla]

Flipped three times in about a month and made 12,000 (6K shares twice and 60 calls today) Chart looks really good but overall market seems a bit topy so I want some powder in case it corrects. When it went down to 15 I had a large enough paper loss that I decided to trade once it popped. Would love to buy and hold for the divi but another 50% cut to .50 is possible. I doubt it but I'll probably jump in and out as it gets closer and I see the 12K I made as two divi's I already locked in. I invest to make money, not fall in love with any particular stock. I didn't use to think like that but change and adapt to the environment and be ready in case ish hits the fan. Good luck IEP unit holders...

[ItsMyOption]

4 High-Yield Dividend Stocks Wall Street Thinks Will Soar 45% or More in 2024

Icahn Enterprises LP
Icahn Enterprises LP (NASDAQ: IEP) bears the name of its famous founder, Carl Icahn. The Florida-based holding company operates businesses in a wide range of industries, including automotive, energy, investments, and real estate. Its dividend yield stands at a jaw-dropping 22.3%.
Last year, Icahn Enterprises slashed its dividend in half. The move didn't negatively impact its yield very much because the company's share price nosedived. Over the last 12 months, Icahn Enterprises stock has plummeted 65%.
The lone analyst surveyed by LSEG who set a price target for Icahn Enterprises, however, is looking for brighter days ahead. That target is 45% above the current share price. Although that isn't enough to enable Icahn Enterprises to regain its losses over the past year, it's nonetheless a big jump -- if the stock can climb as much as the analyst projects.

[bar1080]

Might be time to re-read what Hindenburg said about IEP:
https://hindenburgresearch.com/icahn/

[bar1080]

Wrong, the big drop was from the upper-50s as a result of Hindenburg's report.

[ItsMyOption]

Thanks FreeFNMA about those Float calculations, which I do feel are more accurate. I have been rapidly accumulating IEP since their big drop from the $30 to current $17.80 mostly thorough STO PUTS working my strike date to be close/before to X-Div date to collect nice premium and if assigned collect nice dividend.
I feel 2024 should be turn around year and we should see IEP move higher into $20 plus

[FreeFNMA]

This has the float at 400m, that for sure isn't true. Yahoo updates the float all the time, I've monitoring it and took screenshots.

https://finance.yahoo.com/quote/IEP?.tsrc=applewf

[ItsMyOption]

If you look here = https://finviz.com/quote.ashx?t=IEP&ty=c&ta=1&p=d
you see someone is not reporting correct float so not sure where you got that 42M float from.
What I am looking at is the expected earnings for 2024 should perform vary good compared to the 2023 earnings.
I feel IEP will perform good in the next year.

[FreeFNMA]

Anyone else see the float go from 59m to 42m?

I think he bought them back and retired the shares

[Zilla]

Excellent move. Already 17.90 and looking like 19 coming soon. Never know but looking good.

[Zilla]

Closed above the 50DMA and is 16.95. 3 up days after months of beat downs but I'm good.

[ItsMyOption]

IEP looks good going forward. 2023 was a bad year with short sellers and the EPS losing -101.7% but looking at 2024 IEP should stat gaining back those loses at their EPS is expected to clime +184.34% We have $1.00 ps div payout on Dec. 27

I loaded up on the Jan 19th STO- sell to open $17.50 PUTS as I expect the pps will be above that 17.50 on that expiration date.

[Zilla]

15 is the 52 week low and it's up to 16.45 so far today. 16.84 is the 50DMA so I'd expect a pullback from there but who knows. Bad news would send it right back down and good news up much higher. 1 divi cut from 2 is why were so low but it could easily go back up into mid/high 20's to make that dollar divi only 15% The 24% couldn't last forever and either the PPS climbs to fix that or another cut to fix that and I'd say 10 would be the new low on a divi cut.

[Zilla]

Yet is still filled and THAT is when I bought. Look at my BHC posts as far as 'charts.' lol I only read a couple sentences on any T&A stuff as the 'details' aren't usually needed. Fib retracements I'm aware of but homey don't play like that. lol
I don't use TA I can see it with eyes. lol Nothing is 100% and any investment is complete BS and has nothing backing it except 'faith' just like the fiat currency we all use daily. Yet we still do and currently it works until it doesn't and all things come to an end at some point do they not?
Yes some stocks might never fill a 'gap' but more do than don't. There are exceptions to every rule and things do follow patterns and cycles even if you don't believe in them they still happen. We are a drop in an ocean but even the tides follow patterns. I honestly thought it would take two weeks to fill that imaginary gap and yet it didn't. Don't know, don't care but that's my .02 =P

[bar1080]

Where'd you get that gap filling nonsense? From some 16 page pamphlet on technical analysis? I have several hundred-year-old stocks that still have gaps from WW1 and are doing just fine. All stocks have gaps that can be seen if the chart is enlarged. .

[Zilla]

Had to fill the gap on the 1 divi announcement POP. Now it's filled so we will see what happens.

[bar1080]

And still plummeting. $16.50!

[bar1080]

You missed that call by a mile. No, many miles.

[bar1080]

"Michael Dell mocks the cratering of Carl Icahn’s stock"

https://www.marketwatch.com/story/michael-dell-mocks-the-cratering-of-carl-icahns-stock

[Zilla]

Under 17.50 today with my funny math. lol

[ItsMyOption]

We should see more short covering before the Nov. 17th record date for dividends.

If you are short a dividend-paying stock, you are not entitled to receive the dividend and must pay it instead to the lender of the borrowed shares 1. The short seller must pay the dividend out of their own pocket 2.

[Waitinglongtime]

Waitingalongtime
Good to see positive day from many losses this year. Hopefully can build on back to 40's +!

[Waitinglongtime]

Great day versus most of the year down! Hopefully can build back into the 40's in the future!

[BioChica]

Icahn: "Bend over Hindenburg, got a surprise for you!

[ItsMyOption]

Earnings report better than expected and $1.00 qt. dividend.

Icahn Enterprises L.P. (Nasdaq: IEP) Today Announced Its Third Quarter 2023 Financial Results

Sunny Isles Beach, Fla, November 3, 2023 –



· Third quarter net loss attributable to IEP of $6 million, an improvement of $117 million over prior year quarter


· Third quarter Adjusted EBITDA attributable to IEP of $272 million, an increase of $202 million over prior year quarter


· Indicative net asset value increased $147 million during the quarter to $5.2 billion


· IEP maintains the quarterly distribution of $1.00 per depositary unit for the third quarter


Financial Summary

(Net loss and Adjusted EBITDA figures in commentary below are attributable to Icahn Enterprises, unless otherwise specified)



For the three months ended September 30, 2023, revenues were $3.0 billion and net losses were $6 million, or a loss of $0.01 per depository unit. For the three months ended September 30, 2022, revenues were $3.4 billion and net losses were $123 million, or a loss of $0.37 per depository unit. Adjusted EBITDA was $272 million for the three months ended September 30, 2023, compared to $70 million for the three months ended September 30, 2022.



For the nine months ended September 30, 2023, revenues were $8.2 billion and net losses were $545 million, or a loss of $1.47 per depositary unit. For the nine months ended September 30, 2022, revenues were $11.0 billion and net income was $72 million, or $0.23 per depositary unit. Adjusted EBITDA was $422 million for the nine months ended September 30, 2023, compared to $812 million for the nine months ended September 30, 2022.?

?

As of September 30, 2023, indicative net asset value increased $147 million compared to June 30, 2023, and decreased $474 million compared to December 31, 2022, respectively. The year-to-date figures include non-recurring losses in connection with Auto Plus bankruptcy. The change in indicative net asset value includes, among other things, changes in the fair value of certain subsidiaries which are not included in our GAAP earnings reported above.??



On November 1, 2023, the Board of Directors of the general partner of Icahn Enterprises declared a quarterly distribution in the amount of $1.00 per depositary unit, which will be paid on or about December 27, 2023, to depositary unitholders of record at the close of business on November 17, 2023. Depositary unitholders will have until December 15, 2023, to make a timely election to receive either cash or additional depositary units. If a unitholder does not make a timely election, it will automatically be deemed to have elected to receive the distribution in additional depositary units. Depositary unitholders who elect to receive (or who are deemed to have elected to receive) additional depositary units will receive units valued at the volume weighted average trading price of the units during the five consecutive trading days ending December 22, 2023. Icahn Enterprises will make a cash payment in lieu of issuing fractional depositary units to any unitholders electing to receive (or who are deemed to have elected to receive) depositary units.

[ItsMyOption]

bar1080, did you cover your short position on IEP yet?

I was close to calling the low at 16.35 just off a few cents.
What I did last 3 days was STO-sell to open 11-03 $16.00 PUT which is optimistic play. I did 90 contracts and collected average .90 per share.
So if IEP closes above $16.00 on 11-03 I keep 100% as profit. If below $16.00 I will get assigned or forced to buy at $16 but my cost bases is $15.10.
I would be happy ether way but expecting IEP to close above 16 tomorrow..

Dropping, DROPPING, DROPPING. Hardly holding. Hindenburg still short. and correct

As a note I read Hindenburg is under investigation for manipulation and naked shorting by SEC

[bar1080]

Dropping, DROPPING, DROPPING. Hardly holding. Hindenburg still short. and correct

[ItsMyOption]

I called the low today at 16.35 see tomorrow where it goes.

[bar1080]

IEP's not holding at all. Falls almost everyday.

[ItsMyOption]

Looks like IEP will hold the 16.35 low and should start its slow move back up. 3rd qt earning out on Nov 3 will show loss but good guidance.
Ican has no choice but to really focus on turning IEP into great stock as he is by far major holder. 2024 shold be good year for IEP and has 23% dividend GREAT TIME TO BUY! IMO

[LessIsMore]

in my MS E*TRADE it just posted

That's fascinating, I also use E*Trade. Can I ask if the posting date was 9/29 or 9/28.

Thanks!

[ItsMyOption]

yes, in my MS E*TRADE it just posted.

Has the dividend hit your account yet? I'm still waiting.

[LessIsMore]

Has the dividend hit your account yet? I'm still waiting.

[ItsMyOption]

IEP pays out dividend date is today Sept. 27th $1.00 per share - it is one reason pps has moved down to adjust for payout. I see IEP is close to bottom and should start it's move back up. I have started taking long positions but doing it through option plays for leverage.