Recent

% | $
Quotes you view appear here for quick access.

Netflix, Inc. Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • singhlion2001 singhlion2001 Aug 13, 2010 11:45 AM Flag

    BLOOD BATH FOR NEW LONGS!!!!!!!!!!

    CRIME PLAN ROAD MAP
    Netflix
    Past-year spending on share repurchases (net of issuance): $358 million
    Percent of current stock market value: 6%
    Netflix (Nasdaq: ^NFLX - News) is benefitting from a confluence of factors. Strapped consumers are foregoing expensive entertainment in favor of movies at home. The financial woes of Blockbuster (NYSE: BBI - News) have hobbled that competitor. High-bandwidth Internet connections have become common and Netflix has made deals to stream its service through entertainment devices, including videogame consoles, so movie-streaming is no longer something that must be done on a computer. Sales for the company are expected to rise 29% this year and earnings per share, 34%. The stock price, at 45 times this year's earnings forecast, is terrifying to my tastes but is apparently attractive to management. According to Morningstar Equity Research, Netflix has spent $732 million on shares since 2006, despite generating just $220 million in free cash flow. In November, the company issued its first long-term debt and used part of the proceeds to buy stock.

 
NFLX
90.03-0.25(-0.28%)Apr 29 4:00 PMEDT