ExpectedValue Posted December 20, 2010 Share Posted December 20, 2010 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. Link to comment Share on other sites More sharing options...
merkhet Posted December 20, 2010 Share Posted December 20, 2010 I really like Reed Hastings as a CEO. The Fortune article on him is a good read as well. Link to comment Share on other sites More sharing options...
given2invest Posted December 20, 2010 Share Posted December 20, 2010 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. Link to comment Share on other sites More sharing options...
oldye Posted December 20, 2010 Share Posted December 20, 2010 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 Link to comment Share on other sites More sharing options...
twacowfca Posted December 20, 2010 Share Posted December 20, 2010 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. :) Link to comment Share on other sites More sharing options...
ExpectedValue Posted December 20, 2010 Author Share Posted December 20, 2010 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. Link to comment Share on other sites More sharing options...
Guest Bronco Posted December 21, 2010 Share Posted December 21, 2010 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. Link to comment Share on other sites More sharing options...
S2S Posted December 21, 2010 Share Posted December 21, 2010 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 ;) Link to comment Share on other sites More sharing options...
Guest Bronco Posted December 21, 2010 Share Posted December 21, 2010 Son of silver - you are correct. Except there is only one book worth talking about. Link to comment Share on other sites More sharing options...
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