Netflix CEO responds to Whitney Tilson's Short Thesis

[ExpectedValue]

http://seekingalpha.com/article/242653-netflix-ceo-reed-hastings-responds-to-whitney-tilson-cover-your-short-position-now

 

I thought this was interesting, Netflix is a company with a product that I really admire. I'm not an investor in them, but here is one take on the company from CEO Reed Hastings.

[merkhet]

I really like Reed Hastings as a CEO.  The Fortune article on him is a good read as well.

[given2invest]

I really like Reed Hastings as a CEO.  The Fortune article on him is a good read as well.

 

I agree.  I thought this letter made him look like a class act, unlike the way some CEO's have responded to a short thesis. 

 

[oldye]

Haha great letter. Obviously the company is worth 5x revenue, the only reason insiders are selling is because they're such good people and they're donating all that money to charity  :P

[twacowfca]

Haha great letter. Obviously the company is worth 5x revenue, the only reason insiders are selling is because they're such good people and they're donating all that money to charity  :P

 

Yeah.  But what a class act.  :)

[ExpectedValue]

Haha great letter. Obviously the company is worth 5x revenue, the only reason insiders are selling is because they're such good people and they're donating all that money to charity  :P

 

I don't think insider buying/selling is that great of an indicator on the fundamentals behind the business and the people running it. I saw during the crisis buyback programs executed at companies like LEH and it was pretty meaningless.

[Guest Bronco]

I remember Martin Sullivan saying Aig had little CDS exposure.  I remember Jerry Ying Yang saying yahoo was worth much more than 30.

 

Trust no one.

[S2S]

I remember Martin Sullivan saying Aig had little CDS exposure.  I remember Jerry Ying Yang saying yahoo was worth much more than 30.

 

Trust no one.

 

Trust no one indeed, especially renowned investors talking their books ;)

[Guest Bronco]

Son of silver - you are correct.  Except there is only one book worth talking about.