Yes I would NOT bet against Carl at this price. My position takes stock in leu of cash dividends and I intend to just ride it out with Carl. Might take some time but were being paid to wait it out.
Price could drop more but LONG term is how I am playing it.
IEP is just a sliver in Carl's big picture. He has maintained the Div though out this drop. Carl is fairly diversified. The energy segment like all of energy play are the cause of the drop. Energy will slowly recover some in the mean time Carl is carrying IEP with dividend that yields aprox 10% at today's price. I cant predict the future but my NOTION is Carl will continue to pay the IEP div of $6 a year. Buy or Add at current price and you yeld 10% which is not too shabby. I have a buy order a bit under current price. It is a drip for me.. I just keep adding shares instead of taking cash. One day this could grow considerably. Least that is the plan. He is a better stock picker than I am. And pays a dividend.
IEP is paying like 10% div at this price. Long time hold cost averaged in taking shares as dividends. Now IEP owns FEDERAL MOGUL. I just hold it for long term hold at this point. Don't count Carl or Brent and David out. Yes OIL was the piss in the sew.. But it is about boiled out.. :) IEP is just a 9% slice of Carl ICON Holdings. When/if he gets hot again.. We ride with him. Just my 2cents. YMMV
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