Hindenburg is now shorting IEP bonds. Carl Icahn owns 85% of the stock and is using 65% as collateral for his margin loans.

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by chrislink73

Source: www.reuters.com/business/finance/hindenburg-says-icahn-enterprises-failed-address-concerns-shorts-its-bonds-2023-05-11/

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What are Carl’s options to fight this? With the Feds investigating IEP and shorts continuing to pile on, he will need to do more to directly address the concerns of shareholders and right the ship. Carl’s a Wall Street legend, so if anyone can fight off a coordinated short attack, it’s probably him. But he is in a very tricky financial situation. Thoughts?

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Edit: Looks like Stock Buybacks are on the menu for Icahn, 27% share buyback announced. Source: finance.yahoo.com/news/carl-icahn-firm-oks-buybacks-194317611.html

 

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