The man, the legend, Carl Icahn revealed a substantial 10% stake in Netflix (NFLX 0.67%) this week. Though Icahn has not been successful with similar companies in the past (ex: Blockbuster), there may be a method to his madness after all.
Even though Netflix has fallen from its previously lofty valuation of around $300 a share, it's risen more than 40% since early August, and rewarded recent shareholders handsomely.
However, the real question is whether these gains can continue. With direct competition such as, Amazon (AMZN +0.54%), Google (GOOG 1.07%), and Microsoft (MSFT 0.61%) Netflix's growth will only be more difficult in the future.
