Icahn Enterprises stands behind the fundamentals of its business despite a critical report from short seller Hindenburg Research, according to CEO David Willetts.
(Bloomberg) — Icahn Enterprises stands behind the fundamentals of its business despite a critical report from short seller Hindenburg Research, according to CEO David Willetts.
- “We have full confidence in the integrity of our presented financials and our reporting,” Willetts said during the company’s first quarter earnings call on Wednesday
- IEP is “well-positioned for future success” with $1.9 billion of cash on hand and $4 billion of additional liquidity in its investment funds, Willetts said
- 90% of its net-asset value valuations are comprised of either mark-to-market securities or audited GAAP book values or external valuations: Willetts
- IEP will have response to Hindenburg at 11 a.m.
in New York
- NOTE: Icahn Enterprises Issues Dividend After Hindenburg Attack (2)
- NOTE: IEP Gets US Attorney’s Request Seeking Info on Some Units
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