CW8888: World-class example of Super Super Giant Pillow in practice!
By John Carney
Carl Icahn's Netflix investment may be the most annoying Best Trade Ever.
Last fall, Icahn revealed that he had bought a 10 percent stake in Netflix . His average price per share was around $58 each.
Back on Oct. 10, Icahn started selling shares. The biggest sale took place Tuesday, when he sold for an average price of just over $344, for a total of $819 million. That means he made a profit of about $645 million on Tuesday's sale alone.
All told, his profit for the fourteen month investment was between $700 and $800 million .
And he still owns about half of his original stake.