Market Overview

Carl And Brett Icahn Comment On Netflix's 'Significantly Undervalued' Stock

Share:
Related NFLX
Analyst Says 31 Million Homes Could Cut Cord On Legacy Media; New Study Shows 64% Of U.S. Households Now Stream Programs
Charter Communication Q2 Earnings: What's In Store?
One FANG, One 95+ Stock: Both 2% Off Buys With Earnings Monday (Investor's Business Daily)

Carl Icahn and his son, Brett Icahn, were on CNBC on Wednesday, and commented on Netflix, Inc. (NASDAQ: NFLX). The latter said he believes it “remains significantly undervalued.”

“Netflix is going to be worth some multiples higher of where it is today," he added.

Brett Icahn highlighted a few catalysts that could drive appreciation, including the company's international opportunity, which “offers significant upside in Netflix.”

Carl Icahn's 'Mea Culpa'

Carl Icahn then admitted his son -- and his fund’s co-manager David Schechter -- were right about Netflix. He recognized that by selling his stock too soon, he missed out on stellar returns over the past year.

“What I was worried about and conservative about Netflix, and obviously I wished I hadn't been as conservative, was ‘net neutrality.’ [However] that one storm cloud has gone away,” he assured.

Posted-In: Brett Icahn Carl Icahn CNBCCNBC Long Ideas Tech Media Trading Ideas

 

Related Articles (NFLX)

View Comments and Join the Discussion!