<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（納斯達克：IEP）股價因對其股息安全性的擔憂而岌岌可危。今年以來已暴跌至 10 美元，下跌超過 40%，過去 12 個月更是下跌超過 53%。</p>
<p>值得注意的是，IEP 在過去四個連續周內下跌，並從 2023 年的最高點下跌超過 73%。這次暴跌使其市值從去年的 180 億美元高點跌至 40 億美元。</p>
<h2>追求收益的危險</h2>
<p>Icahn Enterprises 是追求收益危險的一個典型案例，因為該公司的股息率為 38%，使其成為華爾街最大的股息發放者之一。</p>
<p>38% 的股息率意味着投資 1 萬美元的人應該在一年內獲得約 3800 美元的回報，如果保持不變的話。</p>
<p>然而，儘管這是一個不錯的回報，投資者往往面臨很大的風險，違約和破產是最大的風險。因此，股票在股息方面給予你的，它會在滯後的股票表現中拿回來。</p>
<p>在 Icahn 的案例中，總回報（包括股價走勢和股息）在過去 12 個月內下跌了超過 41%。而在同一時期，標普 500 指數上漲了 22.4% 以上。</p>
<p>這是因為股息率的計算方式。它是通過將公司每股年度股息與每股股價相除，然後將結果乘以 100% 來計算的。</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 標普 500 指數</em></p>
<h2>為什麼卡爾·伊坎的公司正在崩潰</h2>
<p>IEP 股價走勢將華爾街最傑出的人物之一的悲慘現實展現出來。他出生於 1936 年，成長為美國頂級企業掠奪者之一，尤其是在接管了在他所有權期間破產的環球航空公司之後。</p>
<p>隨着時間的推移，他從企業掠奪者轉變為備受恐懼的激進投資者，他在公司中購買少量股份並倡導變革，包括解僱首席執行官。他最受歡迎的激進投資包括與 Cheniere Energy、CVR Energy 和 Xerox 等公司合作。</p>
<p>然而，最近，卡爾·伊坎一直在努力挽救他的公司，該公司在美國擁有多家大公司的股份。組合中的一些頂級公司包括 CVR Energy，他是最大的股東，Southwest Gas，International Flavors &amp; Fragrances，Bausch Health，Dana，JetBlue，SandRidge Energy 和 American Electric Power。</p>
<p>這些公司中大多數表現不佳。Bausch Health，前身為 Valeant Pharmaceuticals，從 2021 年的最高點暴跌超過 82%，並接近歷史最低點。</p>
<p>CVR Energy 股價從今年最高點暴跌超過 40%，而 JetBlue 從 2021 年高點下跌了 74%。該公司因試圖收購 Spirit Airways 而遭受壓力。</p>
<p>Southwest Gas Holdings 也從年初高點下跌了近 10%。雖然 International Flavors 今年有所反彈，但仍比 2021 年的最高點低 28%。</p>
<p>卡爾·伊坎投資組合中的其他公司，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>伊坎企業投資組合</em></p>
<h2>卡爾·伊坎的債務和罰款</h2>
<p>伊坎企業股價在 2023 年之前一直表現良好，直到 Hindenburg Research 發表了一篇尖鋭批評該公司的報告。</p>
<p>在報告中，Hindenburg 指責伊坎企業運作如同龐氏騙局。他還指出，卡爾·伊坎通過將 IEP 股票作為抵押品借入了大量資金，並未披露這些資金。</p>
<p>證券交易委員會（SEC）隨後開始調查該公司，本月同意支付 200 萬美元的和解金。伊坎也同意避免未來違規行為。</p>
<p>與此同時，不斷上升的股息率意味着投資者擔心伊坎企業可能被迫以鉅額虧損出售股份，甚至申請破產。從其資產負債表來看，我們看到該公司的總負債超過 126 億美元，而總資產為 170 億美元。</p>
<p>其負債包括 65 億美元的長期債務和 5.98 億美元的資本租賃。值得注意的是，該公司在未來幾年面臨一些需要支付的重大到期債務。2025 年到期的 6.37% 優先無擔保票據價值 7.49 億美元，2026 年為 12 億美元，2027 年為 14 億美元。接下來兩年的到期債務分別為 7.08 億美元和 6.98 億美元。</p>
<h2>IEP 股票技術面</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，伊坎股價技術面較弱。從去年的 38 美元高點暴跌至僅 10 美元。最近，股價已跌破去年 12 月的最低支撐水平 12.67 美元。</p>
<p>IEP 一直低於 50 天和 100 天指數移動平均線（EMA），這意味着空頭控制着局面。因此，股票的最小阻力路徑是向下，下一個關注點將是 8 美元。</p>
<p>本文來源於 Invezz，原文標題為 “IEP 股息率 38%：為什麼卡爾·伊坎的股票正在崩潰？”</p>

<p>艾卡恩企業（NASDAQ：IEP）股票今年已經暴跌超過 40%，過去 12 個月更是下跌了 53%，引發了對其股息安全性的擔憂。該股票已經從 2023 年的高點下跌了 73%，導致市值大幅下降。儘管股息率高達 38%，但在同一時期，總回報率下降了 41%，與標普 500 指數的 22.4% 增長形成鮮明對比。該公司正面臨 SEC 的審查，並擁有鉅額負債，引發了潛在破產的擔憂</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（納斯達克：IEP）股價因對其股息安全性的擔憂而岌岌可危。今年以來已暴跌至 10 美元，下跌超過 40%，過去 12 個月更是下跌超過 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 在過去四個連續周內下跌，並從 2023 年的最高點下跌超過 73%。這次暴跌使其市值從去年的 180 億美元高點跌至 40 億美元。</p>
</div><h2>Perils of yield chasing</h2>
<div class="lb-trans"><h2>追求收益的危險</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 是追求收益危險的一個典型案例，因為該公司的股息率為 38%，使其成為華爾街最大的股息發放者之一。</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% 的股息率意味着投資 1 萬美元的人應該在一年內獲得約 3800 美元的回報，如果保持不變的話。</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，儘管這是一個不錯的回報，投資者往往面臨很大的風險，違約和破產是最大的風險。因此，股票在股息方面給予你的，它會在滯後的股票表現中拿回來。</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，總回報（包括股價走勢和股息）在過去 12 個月內下跌了超過 41%。而在同一時期，標普 500 指數上漲了 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>這是因為股息率的計算方式。它是通過將公司每股年度股息與每股股價相除，然後將結果乘以 100% 來計算的。</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 標普 500 指數</em></p>
</div><h2>Why Carl Icahn’s company is imploding</h2>
<div class="lb-trans"><h2>為什麼卡爾·伊坎的公司正在崩潰</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 股價走勢將華爾街最傑出的人物之一的悲慘現實展現出來。他出生於 1936 年，成長為美國頂級企業掠奪者之一，尤其是在接管了在他所有權期間破產的環球航空公司之後。</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>隨着時間的推移，他從企業掠奪者轉變為備受恐懼的激進投資者，他在公司中購買少量股份並倡導變革，包括解僱首席執行官。他最受歡迎的激進投資包括與 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，卡爾·伊坎一直在努力挽救他的公司，該公司在美國擁有多家大公司的股份。組合中的一些頂級公司包括 CVR Energy，他是最大的股東，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>這些公司中大多數表現不佳。Bausch Health，前身為 Valeant Pharmaceuticals，從 2021 年的最高點暴跌超過 82%，並接近歷史最低點。</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 股價從今年最高點暴跌超過 40%，而 JetBlue 從 2021 年高點下跌了 74%。該公司因試圖收購 Spirit Airways 而遭受壓力。</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 也從年初高點下跌了近 10%。雖然 International Flavors 今年有所反彈，但仍比 2021 年的最高點低 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>卡爾·伊坎投資組合中的其他公司，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>伊坎企業投資組合</em></p>
</div><h2>Carl Icahn’s debt and fine</h2>
<div class="lb-trans"><h2>卡爾·伊坎的債務和罰款</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>伊坎企業股價在 2023 年之前一直表現良好，直到 Hindenburg Research 發表了一篇尖鋭批評該公司的報告。</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>在報告中，Hindenburg 指責伊坎企業運作如同龐氏騙局。他還指出，卡爾·伊坎通過將 IEP 股票作為抵押品借入了大量資金，並未披露這些資金。</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>證券交易委員會（SEC）隨後開始調查該公司，本月同意支付 200 萬美元的和解金。伊坎也同意避免未來違規行為。</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>與此同時，不斷上升的股息率意味着投資者擔心伊坎企業可能被迫以鉅額虧損出售股份，甚至申請破產。從其資產負債表來看，我們看到該公司的總負債超過 126 億美元，而總資產為 170 億美元。</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>其負債包括 65 億美元的長期債務和 5.98 億美元的資本租賃。值得注意的是，該公司在未來幾年面臨一些需要支付的重大到期債務。2025 年到期的 6.37% 優先無擔保票據價值 7.49 億美元，2026 年為 12 億美元，2027 年為 14 億美元。接下來兩年的到期債務分別為 7.08 億美元和 6.98 億美元。</p>
</div><h2>IEP stock technicals</h2>
<div class="lb-trans"><h2>IEP 股票技術面</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，伊坎股價技術面較弱。從去年的 38 美元高點暴跌至僅 10 美元。最近，股價已跌破去年 12 月的最低支撐水平 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 一直低於 50 天和 100 天指數移動平均線（EMA），這意味着空頭控制着局面。因此，股票的最小阻力路徑是向下，下一個關注點將是 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>本文來源於 Invezz，原文標題為 “IEP 股息率 38%：為什麼卡爾·伊坎的股票正在崩潰？”</p>
</div>

IEP 收益率 38%：為什麼 Carl Icahn 的股票正在崩潰？