Icahn Enterprises LP (IEP): Well that was unexpected...20.54 low to...

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Friday, 08/04/2023 9:57:04 PM

Friday, August 04, 2023 9:57:04 PM

Well that was unexpected...20.54 low to 25.74 high and 25.09 close
So if it was trading consistently @ 50 with a 2 dollar divi the cut to 1 dollar makes the 25 current price make sense.
However that's not factoring in anything bad so...IMO I expect lower. 35 was only 70% of 50 so 17.50 is 70% of 25 and that was before we knew anything. Low of 18.03 is 36% of 50 so 36% of 25 is 9...That said I doubt this ever closes under 10 bucks but 'funny math' is funny and if people thought it was overvalued before then I'd guess they think it's still the same. Watch out for another short attack.

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