Carl Icahn finally deleted Netflix from his queue last month, $2 billion richer and prouder of his son than he could have ever imagined. But if he was still riding that “extremely overheated” wave, he’d be up $2.2 billion, which has got to make young Brett, who told Carl NOT to sell and to actually buy more, feel pretty good about things. At the very least, this $200M loss on Netflix is definitely not his fault, unlike times past.
Netflix’s stock is up nearly 20% since Mr. Icahn announced he sold the remainder of his stake in the stock on June 24. The last time he disclosed his position — of roughly 1.4 million shares — was March 31….
At the Delivering Alpha conference in New York this week, Mr. Icahn didn’t seem too concerned about Netflix’s performance since his exit. “Most of the time, I always sold too early or too soon,” he said. “I made all this money selling too early or too soon. You are never going to get the top.”
Carl Icahn’s Netflix Exit Has Cost Him $185 Million [WSJ MoneyBeat blog]