NEW YORK May 30 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
"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,"
(Reporting by Steve Eder; editing by Gunna Dickson)