Value investor Whitney Tilson, T2 Partners, appeared on CNBC to discuss Netflix which he bought at a time when the stock plunged 35-40% on news that they will be making several changes to their subscription options. At the time, the pricing changes caused a lot of bad press for Netflix, but now that the storm has passed Netflix is one of the hottest stocks of 2012. As he mentions in the interview, Tilson bought on the day things really collapsed which was around $77. Year to date, and this is on January 10, the stock is up 40% and is near the $100 mark.
Whitney Tilson On CNBC Discussing Netflix (NFLX)
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