By
Lyons George
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November 2, 2012
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It has been an interesting week for Netflix (Nasdaq: NFLX ) . Shares for the company closed up more than 14% yesterday after the news that activist investor Carl Icahn acquired a 10% stake in the company.
Lyons George looks at three possible reasons that Icahn may have taken this stake:
- He expects Netflix may be acquired and wants to ride the inevitable pop.
- He wants to fire, or at the very least correct, Reed Hastings
- He may simply think the stock is undervalued and want to ride the stock to its full valuation.
This new announcement is a must-know for investors, which is why we've released a brand-new premium report on Netflix. Inside, you'll learn about the key opportunities and risks facing the company, as well as reasons to buy or sell the stock. We're also offering a full year of updates as key news hits, so make sure to click here and claim a copy today
Editor's note: In the video, Lyons said "James Icahn" but meant "Carl." The Fool regrets the error.