Why Now May Be The Time To Invest In Icahn Enterprises (IEP) Stock

NEW YORK (TheStreet) -- It may be time to invest with Carl Icahn, says Barron's: "Units of his company have been hammered lately. The units are down 16% this year to $90.76 including a 10-point decline in the past week. The units had peaked at nearly $150 in December."

Shares of Icahn Enterprises LP (IEP) are up 3.02% to $93.50 in early trading today.

The publication notes that "the best way to value the company is through what Icahn Enterprises calls its "indicative net asset value," which is based on the value of its investments -- including estimates for some illiquid holdings--less debt. The indicative NAV stood at about $78 per unit at year-end 2013 and could have risen to around $80 by the end of February, based on comments by company executives on an earnings conference call last month."

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Barron's estimates that the NAV now is below $80 based on the recent market selloff that has depressed notable Icahn investments like Federal-Mogul (FDML), Apple (AAPL), and Herbalife  (HLF). 

"This suggests," the publication continues,"that the units now trade at about a 10% premium to estimated NAV. While the units have sometimes in the past traded at a discount to NAV, the current premium looks reasonable given the 78-year-old Icahn's success as an investor."

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