Viskase: Global Casing Major Trading At Just 5.5x EV/EBITDA [Seeking Alpha]
Icahn Enterprises L.P. - Depositary Units representing Limited Partner Interests (IEP)
US:NASDAQ Investor Relations:
ielp.com/investor-relations
Company Research
Source: Seeking Alpha
The company had a good 2023 mainly thanks to lower raw materials and distribution costs in Europe and reduced its net debt to $150.8 million. Viskase seems undervalued, as it's trading at 5.5x EV/EBITDA, about half the level of its major competitors. In my view, Viskase has a good chance to close the current gap in the valuations as Icahn Enterprises seems to be buying shares on the open market. Microcap Review members get exclusive access to our real-world portfolio. See all our investments here » Introduction I was going through the May 2023 report of short seller Hindenburg Research about conglomerate Icahn Enterprises (NASDAQ: IEP ) and what peaked my attention was the deep discrepancy mentioned between the net asset value (NAV) and market valuation for meat packaging firm Viskase ( OTCPK:VKSC As one example, as of December 2022, IEP reported 90% ownership in shares of Viskase, a publicly traded meat packaging business. Typically, publicly traded companies are marked
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High impacting Icahn Enterprises L.P. - Depositary Units representing Limited Partner Interests news events
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IEP
News
- Icahn Enterprises L.P. Announces Q1 2024 Earnings Conference CallPR Newswire
- CVR Partners: Q1 Distribution Outlook And Potential Buyout [Seeking Alpha]Seeking Alpha
- Billionaire Carl Icahn Has a Whopping 62% of His Portfolio in 1 Stock [Yahoo! Finance]Yahoo! Finance
- Billionaire Investor Carl Icahn Is Betting $6.3 Billion on This 1 Stock [Yahoo! Finance]Yahoo! Finance
- Trump Media (DJT) Stock Is Extremely Overpriced-But Too Risky To Short [Forbes]Forbes
IEP
Earnings
- 2/28/24 - Miss
IEP
Sec Filings
- 4/22/24 - Form 4
- 4/22/24 - Form SC
- 3/6/24 - Form 8-K
- IEP's page on the SEC website