Bill Ackman Buys Netflix Bubble!
Seeking to capitalize on a steep sell-off in Netflix Inc., ticker symbol NFLX. over the past several months, Pershing Square Capital leader Bill Ackman revealed a stake in the streaming giant earlier this week. In a letter to shareholders released on Wednesday, the billionaire activist investor said the New York-based hedge fund has invested in 3.1 million shares of Netflix since last Friday, making it one of the top 20 shareholders of the company. The total value of the stake is roughly $1.1 billion based on current share prices.
Netflix is a primary beneficiary of the growth in streaming and the decline in linear TV driven by its superior customer experience, a vast and diverse amount of superb, constantly refreshed content, global improvements in bandwidth, and the proliferation and continuous improvement and convenience of devices on which one can watch.
#stagresearch #nflx #billackman
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this site, expressed or implied herein, are committed at your own risk, financial or otherwise.