Hedge Funds
Carl Icahn has a reputation as a corporate raider, and he is currently the chairman of the board at big-dividend (10.2% yield) holding company, CVR Energy (CVI). CVI is engaged in petroleum refining and nitrogen fertilizer manufacturing through its holdings in CVR Refining (CVRR) and CVR Partners (UAN), respectively. It is tempting to bet against UAN and bet in favor of CVRR considering President Trump’s lack of enthusiasm for Environmental Protection Agency regulations and his friendship with renewable energy short-seller Carl Icahn. However, we believe it’s better to more fully align your interests with Carl Icahn by owning CVI (instead...