<p><img src="https://imageproxy.pbkrs.com/https://ik.imagekit.io/invezz/uploads/2020/07/carl-icahn_-740x416.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://ik.imagekit.io/invezz/uploads/2020/07/carl-icahn_-740x416.jpg"/></p>
<p>Icahn Enterprises（纳斯达克：IEP）股价因对其股息安全性的担忧而岌岌可危。今年以来已暴跌至 10 美元，下跌超过 40%，过去 12 个月更是下跌超过 53%。</p>
<p>值得注意的是，IEP 在过去四个连续周内下跌，并从 2023 年的最高点下跌超过 73%。这次暴跌使其市值从去年的 180 亿美元高点跌至 40 亿美元。</p>
<h2>追求收益的危险</h2>
<p>Icahn Enterprises 是追求收益危险的一个典型案例，因为该公司的股息率为 38%，使其成为华尔街最大的股息发放者之一。</p>
<p>38% 的股息率意味着投资 1 万美元的人应该在一年内获得约 3800 美元的回报，如果保持不变的话。</p>
<p>然而，尽管这是一个不错的回报，投资者往往面临很大的风险，违约和破产是最大的风险。因此，股票在股息方面给予你的，它会在滞后的股票表现中拿回来。</p>
<p>在 Icahn 的案例中，总回报（包括股价走势和股息）在过去 12 个月内下跌了超过 41%。而在同一时期，标普 500 指数上涨了 22.4% 以上。</p>
<p>这是因为股息率的计算方式。它是通过将公司每股年度股息与每股股价相除，然后将结果乘以 100% 来计算的。</p>
<p><img src="https://imageproxy.pbkrs.com/https://ik.imagekit.io/invezz/uploads/2024/09/IEP-vs.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://ik.imagekit.io/invezz/uploads/2024/09/IEP-vs.png"/></p>
<p><em>IEP 股票 vs 标普 500 指数</em></p>
<h2>为什么卡尔·伊坎的公司正在崩溃</h2>
<p>IEP 股价走势将华尔街最杰出的人物之一的悲惨现实展现出来。他出生于 1936 年，成长为美国顶级企业掠夺者之一，尤其是在接管了在他所有权期间破产的环球航空公司之后。</p>
<p>随着时间的推移，他从企业掠夺者转变为备受恐惧的激进投资者，他在公司中购买少量股份并倡导变革，包括解雇首席执行官。他最受欢迎的激进投资包括与 Cheniere Energy、CVR Energy 和 Xerox 等公司合作。</p>
<p>然而，最近，卡尔·伊坎一直在努力挽救他的公司，该公司在美国拥有多家大公司的股份。组合中的一些顶级公司包括 CVR Energy，他是最大的股东，Southwest Gas，International Flavors &amp; Fragrances，Bausch Health，Dana，JetBlue，SandRidge Energy 和 American Electric Power。</p>
<p>这些公司中大多数表现不佳。Bausch Health，前身为 Valeant Pharmaceuticals，从 2021 年的最高点暴跌超过 82%，并接近历史最低点。</p>
<p>CVR Energy 股价从今年最高点暴跌超过 40%，而 JetBlue 从 2021 年高点下跌了 74%。该公司因试图收购 Spirit Airways 而遭受压力。</p>
<p>Southwest Gas Holdings 也从年初高点下跌了近 10%。虽然 International Flavors 今年有所反弹，但仍比 2021 年的最高点低 28%。</p>
<p>卡尔·伊坎投资组合中的其他公司，如 Caesars Entertainment 和 Centuri Holdings，也都暴跌。</p>
<p><img src="https://imageproxy.pbkrs.com/https://ik.imagekit.io/invezz/uploads/2024/09/Icahn-Portfolio.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://ik.imagekit.io/invezz/uploads/2024/09/Icahn-Portfolio.png"/></p>
<p><em>伊坎企业投资组合</em></p>
<h2>卡尔·伊坎的债务和罚款</h2>
<p>伊坎企业股价在 2023 年之前一直表现良好，直到 Hindenburg Research 发表了一篇尖锐批评该公司的报告。</p>
<p>在报告中，Hindenburg 指责伊坎企业运作如同庞氏骗局。他还指出，卡尔·伊坎通过将 IEP 股票作为抵押品借入了大量资金，并未披露这些资金。</p>
<p>证券交易委员会（SEC）随后开始调查该公司，本月同意支付 200 万美元的和解金。伊坎也同意避免未来违规行为。</p>
<p>与此同时，不断上升的股息率意味着投资者担心伊坎企业可能被迫以巨额亏损出售股份，甚至申请破产。从其资产负债表来看，我们看到该公司的总负债超过 126 亿美元，而总资产为 170 亿美元。</p>
<p>其负债包括 65 亿美元的长期债务和 5.98 亿美元的资本租赁。值得注意的是，该公司在未来几年面临一些需要支付的重大到期债务。2025 年到期的 6.37% 优先无担保票据价值 7.49 亿美元，2026 年为 12 亿美元，2027 年为 14 亿美元。接下来两年的到期债务分别为 7.08 亿美元和 6.98 亿美元。</p>
<h2>IEP 股票技术面</h2>
<p><img src="https://imageproxy.pbkrs.com/https://ik.imagekit.io/invezz/uploads/2024/09/IEP-stock-1024x568.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://ik.imagekit.io/invezz/uploads/2024/09/IEP-stock-1024x568.png"/></p>
<p><em>IEP 股票</em></p>
<p>更糟糕的是，伊坎股价技术面较弱。从去年的 38 美元高点暴跌至仅 10 美元。最近，股价已跌破去年 12 月的最低支撑水平 12.67 美元。</p>
<p>IEP 一直低于 50 天和 100 天指数移动平均线（EMA），这意味着空头控制着局面。因此，股票的最小阻力路径是向下，下一个关注点将是 8 美元。</p>
<p>本文来源于 Invezz，原文标题为 “IEP 股息率 38%：为什么卡尔·伊坎的股票正在崩溃？”</p>

<p>艾卡恩企业（NASDAQ：IEP）股票今年已经暴跌超过 40%，过去 12 个月更是下跌了 53%，引发了对其股息安全性的担忧。该股票已经从 2023 年的高点下跌了 73%，导致市值大幅下降。尽管股息率高达 38%，但在同一时期，总回报率下降了 41%，与标普 500 指数的 22.4% 增长形成鲜明对比。该公司正面临 SEC 的审查，并拥有巨额负债，引发了潜在破产的担忧</p>

<p><img src="https://imageproxy.pbkrs.com/https://ik.imagekit.io/invezz/uploads/2020/07/carl-icahn_-740x416.jpg" alt="" original-src="https://ik.imagekit.io/invezz/uploads/2020/07/carl-icahn_-740x416.jpg"/></p>
<p>Icahn Enterprises (NASDAQ: IEP) stock price is falling apart as concerns about its dividend safety continues. It has crashed to $10, down by over 40% this year and by over 53% in the last 12 months.</p>
<div class="lb-trans"><p>Icahn Enterprises（纳斯达克：IEP）股价因对其股息安全性的担忧而岌岌可危。今年以来已暴跌至 10 美元，下跌超过 40%，过去 12 个月更是下跌超过 53%。</p>
</div><p>Most notably, IEP has dropped in the last four consecutive weeks and is down by over 73% from its highest point in 2023. This crash has brought its market cap from last year’s high of over $18 billion to $4 billion.</p>
<div class="lb-trans"><p>值得注意的是，IEP 在过去四个连续周内下跌，并从 2023 年的最高点下跌超过 73%。这次暴跌使其市值从去年的 180 亿美元高点跌至 40 亿美元。</p>
</div><h2>Perils of yield chasing</h2>
<div class="lb-trans"><h2>追求收益的危险</h2>
</div><p>Icahn Enterprises is a good example of the perils of yield chasing as the company has a dividend yield of 38%, making it one of the biggest yielders in Wall Street.</p>
<div class="lb-trans"><p>Icahn Enterprises 是追求收益危险的一个典型案例，因为该公司的股息率为 38%，使其成为华尔街最大的股息发放者之一。</p>
</div><p>A 38% yield means that a $10,000 invested in the company should pay about $3,800 in a year, if it remains constant.</p>
<div class="lb-trans"><p>38% 的股息率意味着投资 1 万美元的人应该在一年内获得约 3800 美元的回报，如果保持不变的话。</p>
</div><p>However, while this is a good return, investors are often exposed to a big risk, with default and bankruptcy being the biggest ones. As a result, what the stock gives you in dividends, it takes it back in the lagging stock performance.</p>
<div class="lb-trans"><p>然而，尽管这是一个不错的回报，投资者往往面临很大的风险，违约和破产是最大的风险。因此，股票在股息方面给予你的，它会在滞后的股票表现中拿回来。</p>
</div><p>In Icahn’s case, the total return, which includes the stock price action and dividends, has dropped by over 41% in the last 12 months. In the same period, the S&amp;P 500 index has jumped by over 22.4%</p>
<div class="lb-trans"><p>在 Icahn 的案例中，总回报（包括股价走势和股息）在过去 12 个月内下跌了超过 41%。而在同一时期，标普 500 指数上涨了 22.4% 以上。</p>
</div><p>This happens because of how a dividend yield is calculated. It is calculated by dividing a company’s annual dividends per share and the stock price per share and then multiplying the result by 100%.</p>
<div class="lb-trans"><p>这是因为股息率的计算方式。它是通过将公司每股年度股息与每股股价相除，然后将结果乘以 100% 来计算的。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://ik.imagekit.io/invezz/uploads/2024/09/IEP-vs.png" alt="" original-src="https://ik.imagekit.io/invezz/uploads/2024/09/IEP-vs.png"/></p>
<p><em>IEP stock vs S&amp;P 500 index</em></p>
<div class="lb-trans"><p><em>IEP 股票 vs 标普 500 指数</em></p>
</div><h2>Why Carl Icahn’s company is imploding</h2>
<div class="lb-trans"><h2>为什么卡尔·伊坎的公司正在崩溃</h2>
</div><p>The IEP stock price action brings the sad reality to one of the most prominent players in Wall Street. Born in 1936, he grew to become one of the top corporate raiders in the United States, especially after his takeover of Trans World Airlines, which filed for bankruptcy during his ownership.</p>
<div class="lb-trans"><p>IEP 股价走势将华尔街最杰出的人物之一的悲惨现实展现出来。他出生于 1936 年，成长为美国顶级企业掠夺者之一，尤其是在接管了在他所有权期间破产的环球航空公司之后。</p>
</div><p>Over time, he transformed from a corporate raider into a highly-feared activist investor, where he bought small stakes in companies and advocated for changes, including the firing of CEOs. Some of his most popular activist plays were with companies like Cheniere Energy, CVR Energy, and Xerox.</p>
<div class="lb-trans"><p>随着时间的推移，他从企业掠夺者转变为备受恐惧的激进投资者，他在公司中购买少量股份并倡导变革，包括解雇首席执行官。他最受欢迎的激进投资包括与 Cheniere Energy、CVR Energy 和 Xerox 等公司合作。</p>
</div><p>Most recently, however, Carl Icahn has been fighting to save his company, which owns stakes in several large companies in the US. Some of the top companies in the portfolio are CVR Energy, where he is the biggest shareholder, Southwest Gas, International Flavors &amp; Fragrances, Bausch Health, Dana, JetBlue, SandRidge Energy, and American Electric Power.</p>
<div class="lb-trans"><p>然而，最近，卡尔·伊坎一直在努力挽救他的公司，该公司在美国拥有多家大公司的股份。组合中的一些顶级公司包括 CVR Energy，他是最大的股东，Southwest Gas，International Flavors &amp; Fragrances，Bausch Health，Dana，JetBlue，SandRidge Energy 和 American Electric Power。</p>
</div><p>Most of these companies are not doing well. Bausch Health, formerly known as Valeant Pharmaceuticals, has crashed by over 82% from its highest point in 2021 and is hovering near its all-time low.</p>
<div class="lb-trans"><p>这些公司中大多数表现不佳。Bausch Health，前身为 Valeant Pharmaceuticals，从 2021 年的最高点暴跌超过 82%，并接近历史最低点。</p>
</div><p>CVR Energy shares have plunged by over 40% from their highest point this year while JetBlue has fallen by 74% from its 2021 highs. The company has come under pressure following its botched attempts to buy Spirit Airways.</p>
<div class="lb-trans"><p>CVR Energy 股价从今年最高点暴跌超过 40%，而 JetBlue 从 2021 年高点下跌了 74%。该公司因试图收购 Spirit Airways 而遭受压力。</p>
</div><p>Southwest Gas Holdings has also dropped by almost 10% from the year-to-date high. While International Flavors has bounced back this year, it remains 28% below the highest point in 2021.</p>
<div class="lb-trans"><p>Southwest Gas Holdings 也从年初高点下跌了近 10%。虽然 International Flavors 今年有所反弹，但仍比 2021 年的最高点低 28%。</p>
</div><p>Other companies in Carl Icahn’s portfolio like Caesars Entertainment and Centuri Holdings have all plunged.</p>
<div class="lb-trans"><p>卡尔·伊坎投资组合中的其他公司，如 Caesars Entertainment 和 Centuri Holdings，也都暴跌。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://ik.imagekit.io/invezz/uploads/2024/09/Icahn-Portfolio.png" alt="" original-src="https://ik.imagekit.io/invezz/uploads/2024/09/Icahn-Portfolio.png"/></p>
<p><em>Icahn Enterprises portfolio</em></p>
<div class="lb-trans"><p><em>伊坎企业投资组合</em></p>
</div><h2>Carl Icahn’s debt and fine</h2>
<div class="lb-trans"><h2>卡尔·伊坎的债务和罚款</h2>
</div><p>The Icahn Enterprises stock price was doing relatively well until 2023 when Hindenburg Research published a scathing attack of the company.</p>
<div class="lb-trans"><p>伊坎企业股价在 2023 年之前一直表现良好，直到 Hindenburg Research 发表了一篇尖锐批评该公司的报告。</p>
</div><p>In the report, Hindenburg accused Icahn Enterprise for operating like a ponzi scheme. He also noted that Carl Icahn had borrowed substantial sums of money by using the IEP stock as collateral and failed to disclose them.</p>
<div class="lb-trans"><p>在报告中，Hindenburg 指责伊坎企业运作如同庞氏骗局。他还指出，卡尔·伊坎通过将 IEP 股票作为抵押品借入了大量资金，并未披露这些资金。</p>
</div><p>The Securities and Exchange Commission (SEC) then started investigating the company, and this month, agreed to a $2 million settlement. Icahn also agreed to avoid future violations.</p>
<div class="lb-trans"><p>证券交易委员会（SEC）随后开始调查该公司，本月同意支付 200 万美元的和解金。伊坎也同意避免未来违规行为。</p>
</div><p>Meanwhile, the soaring dividend yield means that investors worry that the Icahn Enterprises may be forced to sell stakes at a big loss or even file for bankruptcy. Looking at its balance sheet, we see that the company has total liabilities of over $12.6 billion against total assets of $17 billion.</p>
<div class="lb-trans"><p>与此同时，不断上升的股息率意味着投资者担心伊坎企业可能被迫以巨额亏损出售股份，甚至申请破产。从其资产负债表来看，我们看到该公司的总负债超过 126 亿美元，而总资产为 170 亿美元。</p>
</div><p>Its liabilities include $6.5 billion in long-term debt and $598 million in capital leases. Most notably, the company faces some heavy maturities in the coming years that will need to be paid. It has $6.37% senior unsecured notes worth $749 million maturing in 2025, $1.2 billion in 2026, and $1.4 billion in 2027. The next maturities will be $708 million and $698 million in the next two years.</p>
<div class="lb-trans"><p>其负债包括 65 亿美元的长期债务和 5.98 亿美元的资本租赁。值得注意的是，该公司在未来几年面临一些需要支付的重大到期债务。2025 年到期的 6.37% 优先无担保票据价值 7.49 亿美元，2026 年为 12 亿美元，2027 年为 14 亿美元。接下来两年的到期债务分别为 7.08 亿美元和 6.98 亿美元。</p>
</div><h2>IEP stock technicals</h2>
<div class="lb-trans"><h2>IEP 股票技术面</h2>
</div><p><img src="https://imageproxy.pbkrs.com/https://ik.imagekit.io/invezz/uploads/2024/09/IEP-stock-1024x568.png" alt="" original-src="https://ik.imagekit.io/invezz/uploads/2024/09/IEP-stock-1024x568.png"/></p>
<p><em>IEP stock</em></p>
<div class="lb-trans"><p><em>IEP 股票</em></p>
</div><p>Worse, the Icahn stock price has some weak technicals. It has crashed from last year’s high of $38 to just $10. Most recently, the stock has plunged below the key support level at $12.67, its lowest swing in December last year.</p>
<div class="lb-trans"><p>更糟糕的是，伊坎股价技术面较弱。从去年的 38 美元高点暴跌至仅 10 美元。最近，股价已跌破去年 12 月的最低支撑水平 12.67 美元。</p>
</div><p>IEP has remained below the 50-day and 100-day Exponential Moving Averages (EMA), meaning that bears are in control. Therefore, the path of the least resistance for the stock is downwards, with the next point to watch being at $8.</p>
<div class="lb-trans"><p>IEP 一直低于 50 天和 100 天指数移动平均线（EMA），这意味着空头控制着局面。因此，股票的最小阻力路径是向下，下一个关注点将是 8 美元。</p>
</div><p>The post IEP yields 38%: why is Carl Icahn’s stock falling apart? appeared first on Invezz</p>
<div class="lb-trans"><p>本文来源于 Invezz，原文标题为 “IEP 股息率 38%：为什么卡尔·伊坎的股票正在崩溃？”</p>
</div>

IEP 收益率 38%：为什么 Carl Icahn 的股票正在崩溃？