Infamous activist firm Hindenburg Research unveiled its latest target Tuesday, alleging billionaire investor Carl Icahn's storied holding company has artificially propped up its stock price with a “ponzi-like economic structure”—claims Icahn hasn't yet acknowledged.
The Hindenburg report concludes: “Carl Icahn has built an aura of invincibility around himself—a titan of Wall Street with a knack for coming out on top. But while the focus has always been on his grand public activist campaigns, quieter long-term investment losses, along with the substantial use of leverage, have whittled away his empire.”Icahn is worth $17.6 billion as of Monday's market close, according to our latest estimates, making him the 95th-richest person on the planet.
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Billionaire Carl Icahn’s Empire Propped Up By ‘Ponzi-Like’ Scheme, Short-Seller Hindenburg ClaimsA Hindenburg Research report claims billionaire investor Carl Icahn's storied holding company has artificially propped up its stock price with a “ponzi-like economic structure.'
Source: Forbes - 🏆 394. / 53 Read more »
Hindenburg Research goes after Carl Icahn in latest campaign for market-moving short sellerThe Nathan Anderson-led firm took a short position against Icahn Enterprises, alleging 'inflated' asset valuations, among other reasons.
Source: CNBC - 🏆 12. / 72 Read more »
Icahn Enterprises stock skids lower as short seller Hindenburg puts Carl Icahn's company in crosshairsHindenburg Research said it is betting against Icahn Enterprises and contends the company is overvalued compared with peers.
Source: MarketWatch - 🏆 3. / 97 Read more »
Battle of the Activists: Hindenburg Shorts IcahnShares in Icahn Enterprises lost roughly a fifth of their value after short seller Hindenburg Research published a report saying the company was overvalued and holding assets at inflated prices.
Source: WSJ - 🏆 98. / 63 Read more »