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.
Folks It is REED HASTINGS short squeeze plan with $200m in debt in Nov 2009.............
Look at all 10Q filings...All Share Holder cash used up to buy back shares and even $100M in debt cash used up for short squeeze bubble.
Do share count in buy back and zero cost stock option dilution loot?
As of last 10Q Cash is $100M+ and DEBT is $200m and this scam has no Assets/No IP and yes mere a Retail job destroying short term business ponzi Model scam.
Book value is hardly $2
WHY I ROAR HERE AND @SEC ? BARNEY/DODD?
THIS IS INSANITY :CRIMINAL PLAN INSIDE SHORT SQUEEZE SCAM AND GETTING AWAY WITH SHAREHOLDER CASH ROBBERY MEANS USA 401K'S...AS ALL GARBAGE PAPER GET STACKED BY FIDELITY AND OTHER MUTUAL FUNDS
THIS IS ABSOLUTELY A CRIME BY REED HASTINGS..
THIS HOW CORPORATE THUGS BECOME BILLIONAIRES IN USA IN MONTHS NOT YEARS
AND THAT IS HOW UNFUNDED PENSION LIABILITY REACHED BEYOND TRILLION DOLLAR
NOW BASHERS ;;THIS CRIMINAL SLASHED 400+ JOBS TOO
YES FOR GREED ONE TRADES BUT THIS IS INSANE CRIME AND SEC WOULD NOT ACT?
THIS SCAM WILL BE PINK SHEET WITHIN 2 YEARS: REED HASTINGS CRIMINAL IS COMMITTED TO LOOT FAST AND LEAVE NOTHING ON BALANCE SHEET FOR HIS EXTREME GREED LOOT