Oh, how the mighty have fallen...
For years, Netflix (NAS: NFLX) could do no wrong. Subscribers signed up by the millions, a small price increase was met with a shrug, and investors watched the stock scream higher. That all came to a screeching halt this week after Netflix reported earnings and predicted churn and growth rates would be worse than expected after a BIG price increase.
I thought it was time to unplug Netflix a couple of weeks ago after the company increased prices, and investors are starting to agree. One quarterly report doesn't change everything about Netflix, but the company's 75 P/E ratio looks a lot less attractive if customers are starting to question its value proposition. I learned that a good thing doesn't last forever, and eventually, valuations catch up to you. This was the week they caught up to Netflix.
WARNING TO USA INHABITANTS
DO NOT BE LONG ANY THING IN USA FRAUD STREET CASINO LONG TERM
LEAP PUTS 2013 AND DUMP ALL SCAM POOP PAPER ON FRAUD STREET CRIMINAL FINANCIAL TERRORISTS ASAP
USA A FILED STATE: AMEN
MASSIVE RIOTS IN USA 2012
THE SCAM IS ALREADY ZIPPO BUT STILL TRADING AND WHY?
FRAUD STREET CASINO=BIGGEST FRAUD ON PLANET EARTH
And, I have a question for anyone. By moving into Latin American business- is that because financially they are now a bigger and better market than America? If that is the case, then will they be paying more for NFLX than Americans? If not, then this really makes Hastings look like the village idiot!!! IMHO