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Netflix, Inc. Message Board

  • pro.trader62 pro.trader62 Feb 16, 2011 8:17 PM Flag


    With the announcement that coinstar is buying back $50 million of its stock and are almost ready to start a streaming and mail movie package the institutions are thinking what to do. That fact now that disney and other content providers will be charging more is a game changer.

    netflix's growth will start to slow substantially once coinstar and others (amazon, apple, google, etc.) enter the streaming business.

    also the fact that mr. Hastings knows that this quarter he will not be able to play with , accounts payable to improve the cash flow statement; the free subscriptions mistery, the manipulation of amortization expense of content, the increasing cost of content, etc. because now he knows that he is under the microscope and several sec complaints have been file concerning these issues. Who in their right mind is buying this overpriced stock.

    it is time to lock in your gains and exit netflix. new positions should be taken for coinstar and amazon.

    netflix book value of $ 4.89 net of intangibles and stock price of $ 237 is crazy. It is wildly illogical that with all this new information out there the institutions are going to hold on. Currently these institutions are holding, but as soon as one breaks out to sell first the others will follow and the little guys will be holding the bag like always.hey do, they will take a beating.

    i believe mr. Whitney tilson will short this stock again on the way down to make up for the losses.

    please comment......

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