I like this business more than, say, Groupon. That I think is going to zero.
I like this business more than, say, Groupon. That I think is going to zero.
Apparently all NFLX share buybacks were buybacks of shares Reed Hastings (CEO) sold. Corruption ahoy.
May 25th
Originally Posted by peterk
Alas... No Cahones...
These companies seem like dot com bubble types. Overpriced and dying.
Netflix has value, but probably not the astronomical valuation applied to it. It certainly made some strategic errors in securing content. Groupon's business model doesn't seem sustainable.
No balls, eh?
No cojones.
“Simplicity is the ultimate sophistication.”
I feel sorry for those that bought at the top
i would not feel too sorry. People that buy at the top usually just buy to ride the wave but have tight stop losses.I feel sorry for those that bought at the top
i read about this in the national post today.
They said they lost 800,000 customers last quarter.
Where are those customers going?
I still love netflix at home and think i might buy in at the low tomorrow. Ill have to check the numbers again.
Seemed like a good idea at the time...
I was a subscriber for one month and got enough usage out of it to see all the movies I wanted. I guess the puts I bought yesterday paid me back for that one month.
As for the future outlook: it's a tough business when its biggest competitor is free, with a much wider selection. Internet piracy. iTunes has managed to thrive despite easy free music access, but that certainly isn't the only piece of Apple's pie.
Thank you CEO Reed Hastings for making me some money. Qwikster!
I like Netflix as a service, but couldn't buy a stock like this with no dividend and P/E still at 17-18 even after losing so much. 60 was just ridiculous.
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