12/16/13: Parting Ways With Carl Icahn, IEP
The master limited partnership Icahn Enterprises (NYSE: IEP) is up more than 60percent since we recommended it on Sept. 9, and at this point is overpriced relative to the value of its investments. The selling following last week’s secondary offering suggests an inflection point in the speculation. Sell the remainder of your position in Icahn Enterprises (NYSE: IEP). For more information, see the portfolio update in the Dec. 16 issue of MLP Investing Insider.
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