T-bone1 Posted October 25, 2011 Share Posted October 25, 2011 wow. I am speechless. Really priceless that he publicly announces he is buying but at the same time says "it is a small position". I have nothing nice to say, so here is the article: http://blogs.wsj.com/overheard/2011/10/25/tilson-buys-netflix-on-tuesdays-crash/ Whitney Tilson is ready for a rematch with Netflix. Only this time, he’ll be in the other corner of the ring. Having been short when the stock went to the moon, the hedge-fund manager is now at risk of catching a falling knife. Mr. Tilson tells us in an e-mail that he bought the stock this morning after it tumbled 35%: “It’s been frustrating to see our original investment thesis validated, yet not profit from it. It certainly highlights the importance of getting the timing right and maintaining your conviction even when the market moves against you. The core of our short thesis was always Netflix’s high valuation. In light of the stock’s collapse, we now think it’s cheap and today established a small long position. We hope it gets cheaper so we can add to it.” Link to comment Share on other sites More sharing options...
SmallCap Posted October 25, 2011 Share Posted October 25, 2011 Does it seem strange to anyone else that a swing of 35% is the difference in his mind between overvalued to the point where he is willing to short it and undervalued to the point where he is buying it. to me that really doesn't give much of a margin for error either way. Link to comment Share on other sites More sharing options...
petey2720 Posted October 25, 2011 Share Posted October 25, 2011 "whitney is the Kim Kardashian of value investors." Well said!!! Link to comment Share on other sites More sharing options...
Parsad Posted October 25, 2011 Share Posted October 25, 2011 whitney is the Kim Kardashian of value investors. Peter, does that mean you've made notice of Whitney's derriere? ;D Cheers! Link to comment Share on other sites More sharing options...
Valuebo Posted October 25, 2011 Share Posted October 25, 2011 Moore is going to love this. Unbelievable. Link to comment Share on other sites More sharing options...
augustabound Posted October 25, 2011 Share Posted October 25, 2011 I'm guessing he heard Warren Buffett say the word Netflix somewhere. 8) Link to comment Share on other sites More sharing options...
Vish_ram Posted October 25, 2011 Share Posted October 25, 2011 Given the momentum driven nature, wont it be funny if he lost money being long as well (at least in the short term)? Link to comment Share on other sites More sharing options...
brker_guy Posted October 25, 2011 Share Posted October 25, 2011 "whitney is the Kim Kardashian of value investors." PRICELESS!!!!! :D :D :D Good one, Peter_Burke! Link to comment Share on other sites More sharing options...
Guest Hester Posted October 26, 2011 Share Posted October 26, 2011 whitney is the Kim Kardashian of value investors. That's hilarious. Link to comment Share on other sites More sharing options...
QLEAP Posted October 26, 2011 Share Posted October 26, 2011 whitney is the Kim Kardashian of value investors. That's an insult ! Err, I mean to Kim Kardashian :P Link to comment Share on other sites More sharing options...
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