All that talk and you failed to ask a single question: how can the company justify OVER $1.6B in off balance sheet obligations when it makes less than $100M pre-tax on every 10M subs…..the math does not add up. It would take them over 5 YEARS to return that amount of cash obligation and will need to add 50M subs in the US net and nearly 80M gross or FULLY PENETRATE THE ENTIRE BROADBAND MKT. Plus, as of right not if these obligations are taken into account the company IS INSOLVENT AS IT ONLY HAS 275M IN EQUITY. Do you think subs can grow to 100M in the US implying 100% broadband penetration when cable cos by year end will offer exactly what NFLX offers on top of competitors like HULU & Crackle, GOOG & AMZN? The answer is simply no and you and the sell side analysts perpetuate this scam on investors by not challenging Hastings at his own game. He is manipulating you into believing the addressable mkt is somehow bigger by spinning the world wide mobile handset mkt is somehow the real mkt opportunity. But common sense says its simply not.
Why don’t you stop this circus of idiotic questioning towards Hastings and really start asking questions.
Know matter what youi say or do. The bottom line is, that you are stuck now with a bad short on your part. NFLX will stay in this trading range for awhile. Mean while you are stuck as well. With cash you cannot even use. Only way you are getting out, is if you sell your short play for a severe loss. Other than that your money is dead money on NFLX.
New board for you and your followers is LAME.
negative book value scam and poop paper sucker bag holders
all scam poop paper bagholders trapped
no liquidity next......
the scam can not fly
no new suckers can be found now
MASSIVE RIOTS IN USA ATE 2011
all media shills, new letter writer shills in USA are part of these Fraud Street Financial Al Qaeda terrorists Network
criminal thus insider self enrich scam and fraud street crime loot partners stripped naked by Lion Broadcasting
POOP PAPER and sucker bag holders
BREAKEM1 ...........WILL BE PROVEN RIGHT
negative book value and buckets filled with poop paper
Good post. The growth projection numbers for NFLX just don't add up. Smart investors understand that NFLX can't attain their lofty growth projections especially when they are undertaking in heavy spending for international growth and licensing content. It is impossible. Do the math. Their numbers don't work. NFLX is a house of cards that could tumble very soon. I am waiting for more analysts to downgrade NFLX.