The company is called Icahn Enterprises (NASDAQ:IEP)
. Run by Carl Celian Icahn (born February 16, 1936) an American
businessman, activist shareholder and investor. He is the majority
shareholder of Icahn Enterprises, a diversified holding company.
This company is great for the following reason
1) It is diversified and an investment company
It owns nvestments in, Automative, Gaming (Casino), Railcar, Food
Packaging, Metals, Real Estate and Home Fashion companies, so this is a
very diversified company. Sometimes it owns the companies outright
sometimes it owns the companies through stock investments.
2) The company is worth $11 billion dollars and has a 6.57% dividend
(yield/interest rate) (as of Jan 5 2015)
3) It is run by Carl Icahn hes worth $25 billion
4) Over the last 2 years as https://www.google.com/finance?q=NASDAQ%3AIEP&ei=GTKrVOHoJu-1iALtn4CoDg the stock is up 79% (as of Jan
5 2015) but it is down 22% this year (1 year out not this year 5 days).
Meaning your buying it cheap. It is down this year as it has oil
Reasons to like it even if you think its not that good
1) It is $91.26 a share, you have to remember Berkshire Hathaway was
once at $30 dollars a share and is now at $200,000 US a share (NYSE:
2) Its dividend may restrict some growth as profits are being
distributed which is both a good thing but a bad thing. Berkshire
Hathaway is run by Warren Buffett the 2nd richest man in the world
(worth $70 billion plus as of Jan 5 2015) his company doesnt distribute
profits in the form of dividends, only a higher share price.
In my opinion going with a trusted billionaire Carl Icahn is a safe bet, you are putting your money with his and hes proven to be good.
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