Carl Icahn Admits Making A Mistake On Bearish Bet, Said He Should Have Kept His Own Advice
Portfolio Pulse from Vandana Singh
Activist investor Carl Icahn admitted to making a mistake on a bearish bet, resulting in nearly $9 billion in losses for his group over six years. The net asset value of Icahn Enterprises LP (NASDAQ:IEP) decreased from $7.9 billion in 2017 to $5.6 billion this month, causing a decline in net asset value per share.
May 19, 2023 | 12:10 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Icahn Enterprises LP's net asset value decreased from $7.9 billion in 2017 to $5.6 billion this month due to Carl Icahn's bearish bet mistake, causing a decline in net asset value per share.
Carl Icahn's admission of his mistake on a bearish bet has resulted in significant losses for his group, which directly impacts Icahn Enterprises LP's net asset value. This decline in net asset value per share is likely to negatively affect the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100