Rocco Pendola Gets Another Big Mention Today With Netflix

Rocco Pendola gets a pretty remarkable mention in a Vanity Fair article about Netflix (NASDAQ:NFLX) posted today at the magazine's Website. The author of the Vanity Fair article is William D. Cohan, who has published three books, including House of Cards: A Tale of Hubris and Wretched Excess on Wall Street and Money and Power: How Goldman Sachs Came to Rule the World . 

#333333; font-family: Georgia,Palatino,'Palatino Linotype','Times New Roman',Times,serif; font-size: 15px; line-height: 21px; background-color: #f8f8f8;">In recent weeks, following a better-than-expected fourth-quarter 2011 earnings announcement (which saw 220,000 new streaming-only customers and a profit of $52 million in that segment), Netflix’s stock has rebounded to around $124 per share. The bears remain incredulous. “What we have here is a momentum stock divorced from its underlying company’s reality,” Pendola wrote January 27 on the Seeking Alpha blog. “It would not shock me in the least to see [Netflix] move on air back to $300 a share before its next earnings report. At some point, however, the same thing that happened in 2011—a full-on implosion—will take shape sooner, rather than later.” Added Wible, in a recent e-mail, “Seems like we are back to 2010 again.”