Carl Icahn Sells Holding in Netflix

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Jun 25, 2015

Carl Icahn (Trades, Portfolio) of Icahn Enterprises(IEP, Financial) did an interview with CNBC on Wednesday were he informed the world that he's no longer a shareholder of Netflix(NFLX, Financial). His investment in Netflix is one of the best trades seen in a very long time. Icahn bought his stake in Netflix in 2013 when the company was selling for $54 per share, and over the last two years have returned 1,000% for Icahn. He discusses why he sold out and why he believes that Apple(AAPL, Financial) is another Netflix. After discussing Netflix and Apple, Icahn went on to discuss why he believes that the market is overvalued and that we are in another bubble like the one that burst in 2008.

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Part Five