10-year

10-Year Anniversary Promotion (20% off)

Join GuruFocus Premium Membership Now for Only $279/Year

The largest discount in the last 10 years

Save up to $500 on Global Membership.

Don't Miss It !

Free 7-day Trial
All Articles and Columns »

Carl Icahn Discusses Netflix

January 25, 2013 | About:
Dheeraj Grover

Dheeraj Grover

18 followers
Well-known activist investor and billionaire Carl Icahn of Icahn enterprises was on CNBC to discuss his views on Netflix (NFLX) and CVR Energy (CVI) and why he invested in those business which have turned out to be hugely winning bets.

-- Everybody disliking Netflix was the key.

-- Always liked Netflix and thinks this is a great play on a secular change going on in the media business.

-- Never had doubts about Netflix but what he liked about it is that everyone hated it. When everyone hates something you should out and buy it.

-- Netflix CEO is doing a great job, they are pouring in $2.5 billion into getting new content every year. People say Amazon is also getting into it, but they are not spending $2.5 billion to buy new content

-- He does think that NFLX has lot of potential going forward.

-- NFLX is going to be a good fit in one of the big media empires, but he is not going to push for it.

-- Similar was the case in our investments in CVR, the refiner, made about $2 billion on that investment.

-- Investment in CVR was a secular play as well. There is tremendous amount of light oil being produced in the country and you need pipelines to push that oil from the coast. It was plain simple if someone had taken time to study it.

-- Naysayers were overly pessimistic about it.

Credit and source: www.bloomberg.com, Bloomberg TV

Here is the video:



About the author:

Dheeraj Grover
I am an individual investor with deep interest in the field of value investing. My ideas and thinking is inspired by highly respected value investors like Ben Graham, Warren Buffett, Walter Schloss, Bill Ruane and Tweedy Browne

Rating: 4.2/5 (6 votes)

Comments

kfh227
Kfh227 premium member - 1 year ago
Wow, good for Icahn.

I took a look at the numbers on NFLX when it tanked but didn't think it was cheap.

I guess I just don't get it. Money not wagered is not lost I guess.

Please leave your comment:


Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Free 7-day Trial
FEEDBACK