Netflix and Green Mountain Coffee Roasters are former market darlings whose stocks have collapsed in recent months, wiping out a combined $23.2 billion in market capitalization from their peaks. By many metrics, both stocks appear cheap and the terrible headlines are attractive to value investors like T2 Partners, who like to buy when others are selling in a panic. So, does T2 Partners see value in Netflix and Green Mountain today? Yes and no.
Full letter embedded below: