Friday, November 16, 2012

Eddie Lampert jumps on the Netflix bandwagon



Now it is Eddie Lampert's turn to jump on Netflix for fun, action and profits.

Eddie, via RBS Partners, bought 704, 381 shares of Netflix (NASDAQ:NFLX) worth $38, 346,501.

Corporate Raider Carl Icahn has put Netflix in play with his nearly 10% stake in the company. Netflix implemented a “poison pill plan” against Mr. Icahn.

"There is a very good argument that, at the right premium, somebody should buy Netflix." -- Carl Icahn

We will watch, with some interest, how Eddie Lampert, Carl Icahn and Netflix CEO Reed Hastings battle it out.