Nathan Anderson has brought down billionaires and frauds. Now he’s going after Carl Icahn
after Anderson dropped his report, and it’s stayed around there since). And Anderson continued his remarkable streak when shares of Icahn Enterprises dropped 25 percent — equivalent to a $5 billion loss — soon after the report came out, the biggest drop for the 87-year-old investor’s company since the COVID-19 panic of March 2020. Representatives for Icahn didn’t respond to a request for comment.
But the problem here, as Anderson points out, is that Icahn’s investments aren’t actually doing that great. Since 2014, they’ve lost more than half their value, while the broader stock market is up more than 150 percent. And Icahn’s own reports for investors paint a picture that’s allegedly much rosier than reality. That meat-casing company he owns shares of? Icahn Enterprises valued its 90 percent stake at $243 million in December, when the whole company’s market value was $88.7 million.
On top of all that, he’s burning through money by giving it back to shareholders. Since 2014, he’s returned about $5 billion, raising the company’s dividend three times — so high that it’s now the biggest dividend for companies that size. According to Anderson, this is bringing in new investors who help keep the value of the company at three times what its assets are worth — multiples higher than other star investors’ funds, like those run by Dan Loeb or Bill Ackman.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Carl DeMaio: Nathan Fletcher is not going to resign from the San Diego County Board of Supervisors -SAN DIEGO (KUSI) – Supervisor Nathan Fletcher shockingly entered rehab, days before a lawsuit was filed by a former MTS employee, alleging sexual harassment, failure to prevent sexual harassment and retaliation, sexual assault and battery, and whistleblower retaliation. Once the lawsuit became public, elected officials and the public began to question Fletcher’s original claims of PTSD and alcoholism, as they...
Read more »
Rangers’ Nathan Eovaldi makes history, responds to Jacob deGrom injury with shutoutIn the Texas Rangers' first game since Jacob deGrom was put on the 15-day IL Nathan Eovaldi threw a complete game shutout against the New York Yankees....
Read more »
San Diego County Board of Supervisors votes on how to replace Nathan Fletcher -SAN DIEGO (KUSI) – The San Diego County Board of Supervisors are discussing how to replace Nathan Fletcher. After the discussion and public hearing, the Supervisors will vote to appoint someone, or to hold a special election. Supervisor Jim Desmond is strongly in favor of holding a special election to allow the residents of District 4 to pick their representative,...
Read more »
Why Summer House’s Carl Was in the Hospital Before Proposing to Lindsay‘Summer House’ stars Carl Radke and Lindsay Hubbard got engaged in August 2022 — details about the proposal
Read more »
Hindenburg Research blasts Carl Icahn’s hedge fund as ‘Ponzi-like’ in latest short-seller campaignHindenburg revealed that it has taken a short position on units of Icahn Enterprises.
Read more »