Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Leonard Brecken’s Big Short

Leonard Brecken predicted that Netflix (NFLX) is going to fall 70% within 12 months. He was on CNBC’s Fast Money and told viewers that Netflix is playing accounting games and that content costs are skyrocketing. He also said Netflix has $1.4 billion in off-balance sheet content obligations (including the deals that are in the pipeline) and Netflix won’t be able to make its money back. He claimed Netflix needs 80% penetration of the U.S. broadband market- which is next to impossible.

Netflix, Inc. (NASDAQ:NFLX)

Leonard Brecken is the founder of small NJ based hedge fund Brecken Capital. Brecken was on CNBC last month, right after Whitney Tilson announced that he covered his Netflix shorts. Not all hedge fund managers are bearish about Netflix. John Griffin’s Blue Ridge Capital bought Netflix during the last quarter of 2010. Below is the video of Brecken’s earlier Netflix comments on CNBC:

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...
X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!