Investment idea generation.

Blog

Our thoughts.

Carl Icahn's Junk

Famed activist investor Carl Icahn is on the brink of being junk'd. His Icahn Enterprises is now on credit watch at Standard & Poor's thanks to his big commodity and energy bets - $CHK $FCX $RIG $LNG, anyone? 

S&P has Icahn's BBB- rated on watch with negative implications and 1-in-2 likelihood that it'll lower the rating in the next 3 months, which would put IEP in junk territory. IEP has ~$1.2 billion in loans due Jan. 2017. 

Join our free newsletter for some exclusive info we don't share elsewhere.   

Roughly 45% of IEP's EBITDA was coming from energy-related investments as of June 2015. Shares of IEP are still at 3-year lows and down 50% in the last 12 months.