Icahn Enterprises Sucks Customer Reviews and Feedback

From Everything.Sucks

Icahn Enterprises L.P. is an American conglomerate headquartered at the General Motors Building in New York City. The company has investments in various industries including auto parts, energy, metals, rail cars, casinos, food packaging, real estate, and home fashion. The company is controlled by Carl Icahn, who owns 95% of it.

Investing with Icahn Enterprises can be a headache come tax time, as they have various rules that change the cost basis and how distributions are taxed. The company has a lot of debt on the balance sheet, amounting to a total of $12.5 billion. This gives the company a very risky debt-to-equity of nearly 500%. Looking deeper, you can see the investment section of the company had the biggest drag on the MLP, with a net loss of $983 million. A loss of $450 million was attributable to Icahn Enterprises.

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Senior Accountant (Former Employee) says

"not a great environment for a young college graduate who is looking for equally driven people to work and surround yourself with. Great pay but thats about it."

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In The News

Houston Business Journal reports

"Billionaire activist investor cuts stake in Oxy, still plans to fight"

Seeking Alpha reports

"Icahn Enterprises outlook turns negative at S&P"

Yahoo Finance reports

"Delek Gulps Poison Pill After Icahn Buys 14.8% of its Stake"

Barron's reports

"Icahn Enterprises: See, It Doesn’t Hurt to Be Less Bearish, Does It?"

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