IEP closed below $24 today (Wed) with a one month high price of over $51 (50% + decline in one month).
7 replies (most recent on top)
As of 11:00 AM Thursday 5/25/24 IEP stock price is down 22% today at less than $19 (down from $51 less than 1 month ago)
Uncle Carl is has a lot of money left, but it is disappearing quickly
Remember the end of Braveheart? The last thing the king heard was “freedom !” I hope Carl dies knowing his beloved money was mostly vanished.
The end is near.
IEP may go bankrupt, but Xerox will not (for the time being).
Icahn will have to sell his stock portfolio, including Xerox shares.
Whoever buys them will become the new ruler for Xerox.
Board of Directors, SB, and Exec Committee can pack their bags...
...but not before receiving their golden parachutes.
History repeats itself - as Bill Ackman (Icahn's fiercest enemy) has said:
"There is a karmic quality to this... that reinforces the notion of a circle of life and death".
Icahn being Icahn-ed.
“Xerox didn’t deserve such wonderful leaders as these two.”
- “I didn’t deserve that.”
- “Yes… You did.”
- The Color of Money.
IEP is as healthy as JV was in 2021/22. All the PR in the words can’t disguise the smell of death.
Burn, baby, burn!!!
The dramatic decline in IEP stock price will accelerate IC joining JV underground, and we’ll be as saddened by his passing as we were by the lost of our beloved CEO. Xerox didn’t deserve such wonderful leaders as these two.