Icahn Enterprises is a good buy -Barron’s

NEW YORK, May 30 (BestGrowthStock) – Icahn Enterprises (IEP.N: ) is a
good buy for investors looking to profit off billionaire Carl
Icahn’s investment decisions, a story in Barron’s said.

Icahn Enterprises, which closed at $34.30 on Friday, is
trading at a discount from its asset value of $44, Barron’s
said in its May 31 edition. If the stock’s assets perform well,
shares could rise to or above their underlying value, it said.

Icahn Enterprises is a diversified investment company that
has a range of holdings, including a stake in Icahn’s hedge
fund, real-estate assets, cash, and other investments.

The investments include a 75 percent stake in Federal Mogul
(FDML.O: ), an auto-parts maker, the financial weekly said.

Icahn Enterprises shares peaked at $134 in 2007, but
Barron’s said there is reason to believe they could rise
again.

“Icahn didn’t become a billionaire by making dumb
investment decisions, and he’s still doing what he does best,
trying to make money for himself and fellow shareholders,”
Barron’s wrote.

Stock Market News

(Reporting by Steve Eder; editing by Gunna Dickson)

Icahn Enterprises is a good buy -Barron’s