Icahn Partners (IEP) units have taken a beating after a short seller Hindenburg article with unit price falling almost 40% in the last few days.
Since entities related to Carl Icahn own a majority of IEP’s units, (edit), Carl Icahn has taken a nasty beating. On a relative basis, my IEP decline was in the thousands, not billions.
With IEP announcing its $2 distribution early (announced today (05/04)), there should be some support for IEP price the next few days. Maybe?
IEP is a major holding for me. Took the opportunity to add during this short attack.