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