Billionaire Activist Investor Mark Cuban disclosed he is buying into Netflix bigtime. He said he started with approximately 50,000 shares and is adding to his position. He said he has no plans to sell it but plans to just be an owner. He believes the company is ripe as a takeover target by bidders: Google, Facebook, Apple, and Verizon.
Cuban made his fortune selling his Broadcast.com business to Yahoo and then started HD.Net a pioneer in Satellite HDTV. Then he bought Ballas Basketball Team the Mavs. Today he can be seen weekly on the hit TV show Shark Tank.
Carl Ichan is also a huge activist investor in Netflix and bought in when the company's stock traded at about $58 a share. It recently peaked at $489 but the most recent earnings call reported only a million subscribers per month growth so the stock traders bailed on it and with the market pullback went down to a low of $325 Mark Cuban bought in at this point and is continuing to buy throughout the day.
I trade the stock short term from time to time and bought back in for the 5th time this year when it was at $330. It closed today at $357 on the Cuban news it spiked back up.
Cuban said that Netflix is the dominate service in the TV industry now and is growing faster than any one else in the sector of IPTV. The fact that CBS and HBO will be entering this market is welcome since these two important companies will just bring in a larger customer base and Netflix continues to have the largest variety of family programming and is now a household word, an icon.
I think this is exciting and would be nice if Mark brings in AXS TV as he and HDNet company are partners in the network.
Cuban made his fortune selling his Broadcast.com business to Yahoo and then started HD.Net a pioneer in Satellite HDTV. Then he bought Ballas Basketball Team the Mavs. Today he can be seen weekly on the hit TV show Shark Tank.
Carl Ichan is also a huge activist investor in Netflix and bought in when the company's stock traded at about $58 a share. It recently peaked at $489 but the most recent earnings call reported only a million subscribers per month growth so the stock traders bailed on it and with the market pullback went down to a low of $325 Mark Cuban bought in at this point and is continuing to buy throughout the day.
I trade the stock short term from time to time and bought back in for the 5th time this year when it was at $330. It closed today at $357 on the Cuban news it spiked back up.
Cuban said that Netflix is the dominate service in the TV industry now and is growing faster than any one else in the sector of IPTV. The fact that CBS and HBO will be entering this market is welcome since these two important companies will just bring in a larger customer base and Netflix continues to have the largest variety of family programming and is now a household word, an icon.
I think this is exciting and would be nice if Mark brings in AXS TV as he and HDNet company are partners in the network.
