Get Ready For Some Fireworks: Activist Investor Carl Icahn Sets His Sights On Netflix, Taking A 10% Stake

Carl Icahn has bought a big chunk of Netflix stock ? nearly 10 percent altogether. It?s not clear exactly what his intentions are, but according to the filing, the investment was made because Icahn believes the stock is undervalued. And he might have a point: Netflix was once sitting pretty at about $300 a share, but has fallen fast. Netflix shares were hovering around $60 last week.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/52X8F5RZL78/

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