The largest shareholder of Icahn Enterprises, about 85% received the dividend in units instead of in cash. That seems to kind of mask whether or not this is a cash dividend that's actually sustainable. The way that they are doing it allows for the company to re-concentrate additional shares in the Icahn family and lots of companies have differential dividend payouts.
What happens when a short-seller collides with an activist investor?
(00:21) Bill Barker discusses: - Target's 1st-quarter results beating expectations - CEO Brian Cornell's comments about organized (and violent) retail theft - Retail sales rising in April
(11:15) Dylan Lewis and Bill Mann discuss Hindenburg Research's report on Icahn Enterprises, raising questions about the conglomerate's accounting practices and its dividend.
Companies discussed: TGT, HD, IEP
Host: Chris Hill Guests: Bill Barker, Dylan Lewis, Bill Mann Producer: Ricky Mulvey Engineers: Dan Boyd
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