“What a mess!” declared CNBC’s Jim Cramer when a viewer called into his TV show on Aug. “We think Icahn, a legend of Wall Street, has made a classic mistake of taking on too much leverage in the face of sustained losses: a combination that rarely ends well,” Hindenburg’s report said. Hindenburg pegged Icahn Enterprise’s premium-to-net asset value at 218%, compared with closed end funds like Pershing Square Holdings, which traded recently at a discount of 35%.Īnd Icahn’s massive wagers against the stock market have gone awry as the S&P 500 soared this year. The company is over-leveraged and Icahn’s holdings in the partnership are pledged as collateral for personal margin loans, the Hindenburg report said, adding that the loans risk being called if unit prices were to fall. The partnership’s dividend - $2 a unit at the time - was unsustainable, Hindenburg wrote. Hindenburg’s 20-page report, published on May 2, blasted away at Icahn Enterprises, alleging that it mispriced its investments, many of which are either not public or thinly traded. ‘Summer House’ Star Lindsay Hubbard Blindsided By Carl Radke Calling Off Engagement: Source.Carl Lentz’s Wife Laura Was in a ‘Tormented Place Mentally’ After Betrayal with Nanny. Carl Nassib, the NFL’s First Active Openly Gay Player, Retires from Football. Carl Icahn Conglomerate Losses Doubled to Almost $270 Million.The fall of FTX: The stunning collapse of a massive crypto firm could send shockwaves through traditional financial markets.Watch Kyle Richards and Morgan Wade Almost Kiss in ‘Fall in Love With Me’ Music Video.Carl Eiswerth/Instagram Fans have been commenting their condolences on his social media pages. Eiswerth had nearly 500,000 TikTok followers before his passing. This world will be a little less bright without you around,” one person commented in his last video. “Really gonna miss your positive words and seeing your face on here. “Come hang out with me, chill, listen to music, we’re gonna have a great time happy Sunday I love you guys,” he said in his final video prior to the live stream.įollowing the news, dozens of fans flocked to the comment section of his videos to pay their respects. He also enjoyed going “live” on TikTok – which he did last did two days before his death. His TikTok page consisted of videos of him living his everyday life, dancing to popular songs and candidly talking about topics like mental health. Eiswerth’s mom told TMZ that they’re planning on holding two memorial services which may be live streamed. His mom told TMZ they still don’t know what they will do with his social media channels. Carl Eiswerth/InstagramĬelebrity deaths 2023: Actors, singers and stars we lost this year Carl Eiswerth/Instagram The crash took place in Monroe Township, Snyder County, Pa. Carl Eiswerth/Instagram Eiswerth reportedly died on the scene of the crash. TikTok star Carl Eiswerth died in a car accident on Tuesday. The state police were forced to shut down Route 11 for about 4 miles following the crash.Įiswerth’s family is planning two memorial services and will possibly live stream both events so fans can pay tribute to the late social media star.Įiswerth rose to fame on TikTok posting under the username He had over 435,400 followers at the time of his death. The Snyder County Deputy Coroner further told local news outlet WKOK that Eiswerth - who was in the passenger seat - died on the scene from blunt force trauma. He was 35.Įiswerth’s mom, Janet, confirmed the news to TMZ and detailed that, at around 4:30 p.m., her son and his friend were driving along a Pennsylvania intersection when they were struck by another vehicle. TikTok star Carl Eiswerth died in a car crash on Tuesday. Miley Cyrus reveals the moment she knew her marriage with Liam Hemsworth was overįans think Kanye West crashed strangers’ Italian wedding in viral video Bethenny Frankel accuses Joe Jonas of ‘spinning’ his and Sophie Turner’s divorceĮmily Ratajkowski subtly supports Sophie Turner amid ‘chic’ Joe Jonas divorce: ‘Congratulations’
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