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Netflix, Inc. (NFLX) Message Board

  • singhlion2001 singhlion2001 Oct 23, 2012 6:26 PM Flag

    PROVEN CRIMINAL CROOK REED HASTINGS LIES LIES AND SPIN FRAUD FOR PUMP/DUMP LOOT SCAM WITH HIS KEY CRIME PARTNERS GOLDMAN SACHS AND MORGAN STANLEY WITH "HFT" SCAM MACHINE GUNS WITH PRCIE/VOLUME MANIPUALTION FRAUD

    PROVEN CRIMINAL CROOK REED HASTINGS LIES LIES AND SPIN FRAUD FOR PUMP/DUMP LOOT SCAM WITH HIS KEY CRIME PARTNERS GOLDMAN SACHS AND MORGAN STANLEY WITH "HFT" SCAM MACHINE GUNS WITH PRCIE/VOLUME MANIPUALTION FRAUD

    WORLDCOM SYTLE BUST IS NEXT

    $UCKED BRAIN ZOMBIES IN USA

    REDBOXINSTANT IS NEXT TO LAUNCH IN NOVEMBER

    WHAT FRAUD SPIN IN EARNINGS: THIS SCAM SI PINK SHEETS AND CRIMINAL THUG REED HASTINGS SCAM LOOT GANG BELONG IN JAIL ASAP
    By singhlion2001 . Oct 23, 2012 4:43 PM . Permalink
    RED ALERT IN USA
    MARY SCAHPIRO/ROBERT KHUZAMI/ROBERT COOK IS A CRIMINAL SCAM GANG AT S.E.C SERVING FRAUD STREET FINANCIAL BANKSTER TERRORISTS AND CORPORATE THUGS TO LOOT EVERY PENNY IN USA WORKING CLASS PENSIONS......

    BIGGEST FRAUD TRADING VOLUME & PRICE MANIPULATION IN NETFLIX (NFLX) TRADING PIT WITH 52M TOTAL SHARE COUNT IN 2010/11 AND 55M IN 2012. ROBERT KHUZAMI/MARY SCHAPIRO SCAM GANG BLOCKED MY CALLER ID AND MARY SCHAPIRO BLOCKED MY EMAIL AND WHY?

    Watch Liquidity Problems In Netflix Earnings
    Netflix's Trajectory

    Back in February, I made a model to plot cash expenditures and relevant liquidity which predicted that NFLX would need massive restructuring in 2013. I was overly pessimistic on my streaming numbers, and NFLX did not renew a few expensive streaming contracts as well. Regardless, its financial position is very flimsy especially in the face of international expansion.

    As part of my model, I have calculated all relevant metrics since Q1-09 and have highlighted the best three numbers in green and the worst three numbers in red. Looking at the chart below shows two strengths for NFLX - revenue and quick liquidity/revenue. The important figures to notice are the declining revenue/sub, plummeting profit metrics, and the disastrous size of the Accounts Payable. NFLX currently can only cover its AP by 2.75X on an annual run basis. Another shocking factor is the Quick coverage of 1y AP. This coverage hit an all-time low in Q3-11 at 0.488. The next month NFLX issued $400M in convertible bonds and stock.

    With these factors in mind, you will know how to cut through the noise and look for what truly matters in this afternoon's report.

    NEW SLOGAN IN USA

    WALL STREET IS NOW PURE FRAUD STREET CASINO AND RIGGED WITH ALL SCAM LEGISLATION AGAINST 99% WORKING CLASS AND ALL FRAUD LOOT PROTECTION FOR CORPORATE THUGS AND BANKSTER FINANCIAL TERRORISTS AT S.E.C ENFORCED AND ALL LOOT MANIPULATION SCAM WEAPONS AT THEIR DISPOSAL

    LOOT/SCAM/BANG USA 99% WORKING CLASS PENSION CONTRIBUTIONS IN BILLIONS WITH DARK POOLS AND HIGH FREQUENCY TRADING MACHINES WITH FRAUD PRICE/VOLUME MANIPULATION WITHOUT ANY FEAR

    IF, BY MISTAKE YOU ARE CAUGHT? NO PROBLEM COME TO MARY SCHAPIRO/ROBERT KHUZAMI/ROBERT COOK SCAM WATCH PARASITES AT S.E.C AND P[AY LITTLE FINE, NO TRIALS AND KEEP YOUR LOOT IN BILLIONS AND YOU ARE FREE TO GO BACK AND START YOUR SCAM LOOT ASAP.................
    Gene Burnett - Jump You F*#kers (A Song For Wall Street)

    Modern day bank robbers are at Wall Street but they wear grey suits and not masks. Rampant speculators, propagandists and financiers of Wall Street are given some unfair advantage over the average consumers and taxpayers and the cumulative effect of the people watching selfishness prevail over the public interest has been an undermining of the public’s trust in the present US government. There’s no question the Wall Street is rigged against the average consumers and taxpayers. The Wall Street has a lot more information. Wall Street jerry-rig the system so that Wall Street always win. If the Wall Street loses trillions, the US Treasury will bail the Wall Street out so it can go back and do it again.
    50 trillion dollars in global wealth was erased between September 2007 and March 2009, including 7 trillion dollars in the US stock market, 6 trillion dollars in the US housing market, 8 trillion dollars in the US retirement and household wealth, 2 trillion dollars in the US individual retirement accounts, 2 trillion dollars in the US traditional defined benefit plans and 3 trillion dollars in the US nonpension assets. Greed, arrogance and incompetence created a massive meltdown, cost trillions, and still Wall Street comes out richer and more powerful.
    BANKERS GONE WILD - HOW THE US GOVERNMENT HELPED WALL STREET GANG-RAPE AMERICA'S MIDDLE CLASS (AND MOST OF EUROPE)

    Thomas Jefferson and Eisenhower warned us long time ago:
    I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.
    Thomas Jefferson, (Attributed)
    3rd president of US (1743 - 1826)

    Catherine Austin Fitts: "They're Going to Depopulate or Bankrupt the Rest of Us"

    Catherine Austin Fitts calls what happened to the U.S since the market meltdown of 2008 a “fiscal coup d’état.” Fitts should know because she is a former Wall Street insider who has managed investments worth $300 billion. She is also a government insider. Catherine Austin Fitts was an Assistant Secretary for HUD in the first Bush Administration more than 20 years ago.

    She says our leaders are “. . . doing a number of things that are going to depopulate or bankrupt the rest of us.” Why are people so ill-informed? Fitts says it’s because, “Corporate media is lying to you and wasting your time.” She also says, “Were going through a period of great change, and the pace is going to accelerate.” And, “Gold will be at the center of a new currency that will emerge.”

    Join Greg Hunter as he goes One-on-One with Catherine Austin Fitts of The Solari Report.

    Video below:

    Sentiment: Strong Sell

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    • Commitments and Contingencies - Streaming Content

      The Company had $5.0 billion and $4.8 billion of obligations at June 30, 2012 and December 31, 2011, respectively, including agreements to acquire and license streaming content that represent current or long-term liabilities or that are not reflected on the Consolidated Balance Sheets because they do not meet content library asset recognition criteria. The license agreements that are not reflected on the Consolidated Balance Sheets do not meet content library asset recognition criteria because either the fee is not known or reasonably determinable for a specific title or it is known but the title is not yet available for streaming to subscribers.

      (click to enlarge)

      Please correct me if I am wrong. The filing explicitly says "that represent current or long-term liabilities or that are not reflected on the Consolidated Balance Sheets."

      In other words, these amounts might or might not be on the balance sheet as liabilities. But what portion of the $2 billion that is current in less than one year on the balance sheet? I mean, they could have put an asterisk in note 8, stating clearly that X portion of these off balance sheet liabilities are due in less than one year under current liabilities. I fully understand the issue of FAS 63, but I have no way of knowing what portion of these contractual obligations will hit the income statement and how soon. That's a big red flag in my book.

      Expanding on balance sheet issues, current assets as of June 30, 2012 were $2.13 billion and current liabilities were $1.5 billion. If just $700 million of those off balance liabilities come to roast within a 12 month period, then Houston we have a problem.

      Another issue with this stock is pure valuation concerns. This company has a current PE (trailing) about 40 but has a forward PE of about 75. Not only is this not a value play of any kind, but as the chart below shows, the fundamentals are all downhill looking forward. This is beyond any doubt a very expensive company. I'm sorry but there are many other stocks out there and I don't need to be bothered with such an expensive stock.

      NFLX Profit Margin data by YCharts

      Another issue is the competition. DVDs are a dying business and sooner or later the only thing standing will be on demand services like Netflix. As a result, just about anyone you can imagine is trying to get into this business, among others, big cap heavyweights like Google (GOOG), Apple (AAPL), Time Warner (TWX) and Amazon (AMZN).

      Yes Netflix intends to expand internationally, but there are hundreds of companies worldwide that offer similar services in local markets. Can Netflix really compete with the whole world in this space and make a decent profit in the long term? I don't think so, and the balance sheet and company's earnings are my witnesses.

      There is however one point I would like to make, and it can be an ace under shareholders' sleeves. I do see the possibility that this company might be a buyout target. Not because of the compelling valuation, but because Apple and Google both might want to enter this market in a big way. See, it would cost a whole lot less for them to buy Netflix outright than to develop their own platform. Not only do they have the cash for this, but it makes sense in many ways.

      Would I buy this stock based on this wild card speculation? No I would not, but I might think about it in the future, if the stock were to fall much further south. But at these valuations I dare not even think about it.

      Bottom line: Put aside the off balance sheet issues, the fact that the balance sheet (even without the off balance sheet items) is more leveraged than my tastes permit and competition concerns, this is a very expensive stock.

      Sentiment: Strong Sell

    • All fraud proven

      this criminal scam gang is protected by robert khuzami./robert cook/mary schapiro scam watch parasite gang at s.e.c.

      Sentiment: Strong Sell

      • 1 Reply to singhlion2001
      • What did Netflix pay Disney for this latest agreement?
        Financial terms weren't disclosed but, The Los Angeles Times, citing an anonymous source, reported that the agreement is for three years and that Netflix could "ultimately pay more than $300 million annually."
        Break it down for me: who are the winners and who are the losers?
        Netflix users are winners, at least three years from now when the deal kicks in. One of the biggest gripes from Netflix subscribers is that the streaming service lacks enough newer titles. Netflix's leadership is showing that it will pay big to improve the selection.
        But Netflix investors may be the losers if the company over paid or if it turns out that managers there could have renewed their deal with Starz and acquired many of the same Disney titles -- in addition to those from Sony Pictures -- for the same amount that they will pay for just Disney's fare.
        Didn't Netflix CEO Reed Hastings say last year, after Netflix lost the Starz deal, that Disney and Sony's movies weren't that popular with his subscribers?
        Right again. Today, Netflix called Disney's movies "the highest-quality, most imaginative family films being made today." In October 2011, after Starz announced that the deal with Netflix would not be renewed, Hastings downplayed the impact that the loss of titles from Disney and Sony Pictures would have on his streaming service.
        He said the content acquired from Starz accounted for only about 10 percent of the service's total viewing hours. In a letter to investors, Hastings wrote: "Netflix has about 10 times the streaming content selection of ...Starz in terms of what consumers actually choose to watch."

        Sentiment: Strong Sell

    • THIS WAS WARNING FOR LAST CRASH FROM OVER $300 TO HELL

      SAME WARNING APPLIES NOW GOING INTO UPCOMING FRAUD SPIN "E' REPORT..

      THE SCAM WILL CRASH AND BURN ,,,,,CRIMINAL THUG REED HASTINGS NEXT PLAN TO OFFER SCAM POOP PAPER AT WHAT PRICE? WHAT DID THIS CROOK LAST TIME? WHO WILL BUY HIS SCAM POOP OFFERING SECRETLY?

      Conclusion: June 30 ,2011

      It looks clear to us that Netflix does not prepay the studios. If anything, it "consumes" more content than it pays for and it pays for more content than it expenses on the P&L. As a result, the real economic profitability of Netflix seems grossly overstated.

      And while we are not trying to fabricate conspiracy theories here, we would like to highlight two interesting points:

      Just as the company started inflating earnings dramatically via aggressive accounting as explained above, its long-loyal CFO, Barry McCarthy, suddenly left the company. Reasons given were mainly associated with Barry's ambition to become a CEO and run his own company. It is interesting that at the time he left the company, he had no company to run and only a few months later decided to change his mind again and go to work for a VC company. One wonders whether there is nothing more to his sudden departure and whether it may have to do with Netflix's aggressive accounting.

      Just as investors started asking the company delicate questions about accounting and cash generation, CEO Reed Hastings decided to stop live questions during conference calls so that he and his new CFO could choose which questions to answer during quarterly calls.

      Netflix fraud and manipulating accounting. We are suggesting that its accounting is very aggressive and significantly inflates profits. More specifically, that the company didn't make a dollar in profits in the last two quarters.

      We believe that at some point in 2011 Netflix will have to start adjusting its accounting and possibly reverse some of the accounting gains generated thus far. This will lead to material selloff of the stock.

      Sentiment: Strong Sell

    • Hey S.E.C. CRIMINAL WATCH PARASITES:
      YOUR WELLS NOTICE IS JUST A SCAM TO FOOL US 99% AND YOU STILL PROTECTING MF PROVEN CRIMINAL REED HASTINGS INSIDER & GOLDMAN SACHS LED SCAM GANG........FRAUD PRICE/VOLUME MANIPULATION BY AN ORGANIZED SCAM GANG WITH PUMP/DUMP FRAUD SPINS CONTINUE............

      WELLS NOTICE ON THIS JUST IS ONE EVENT IT HAS BEEN PLANNED AND EXECUTED PUMP/DUMP SCAM FOR 3 YEARS NOW AND YOU SO CALLED WATCH PARASITES HAVE TO ACT:
      Here is Scam pump fraud After Netflix CEO Boasts on Facebook?
      Fundamentally, a more troubling picture also emerges with a look at the company's balance sheet. For the quarter ending March 31, 2012, the company has $804.5 million in cash, but $1.45 billion in current liability, with a scant quick ratio of 0.6, and a current ratio of 1.4, barely above the minimum threshold of 1.

      Then there is also this $3.7 billion off-balance liability buried deep in the company's 10Q filing. Based on a Bloomberg review, these off-balance liabilities are the minimum estimates (i.e., the actual could be a lot higher) for payments due for future contents already under contracts. Out of the $3.7 billion, $3.1 billion will come due within three years. Including this $3.7 billion, Netflix Debt-to-Capital would balloon to 618% from the current 60.3%!

      see the scam for 3 years

      Sentiment: Strong Sell

      • 1 Reply to singhlion2001
      • With firms like Comcast, Disney, Time Warner, and others involved, the ownership and distribution of Hulu is a bit convoluted. However, even with this complicated structure, Hulu does repeat television like no one else. If you have Hulu Plus, you can watch almost every mainstream television show the day after it was aired. While it's not the same as using a DVR, in some ways it's better. Most Hulu Plus programs have few commercials, and they are very short in length. Some newer offerings actually shorten the program exclusively for Hulu Plus subscribers. Specifically, the deal with WWE for their Monday Night Raw show includes a one and a half hour version of the normally three hour program. If you don't think this is a big deal, consider that Monday Night Raw has aired more weekly episodes than any other television series in history. Hulu Plus' content is constantly fresh, so the company doesn't have to worry about users complaining about the selection. How does Redbox Instant fit into this seemingly crowded picture?

        Redbox Instant will offer features available nowhere else. Where else could you stream a movie, rent a movie, buy a movie, and rent new release movies and video games? Suggesting that Verizon might need to offer unlimited streaming is missing the point. Netflix's audience reportedly uses over 30% of bandwidth between 9 PM and midnight. Where do you think they are using this bandwidth? Duh! They are at home or at a location with Wifi. Customers are too well educated about data plans and their cost, to just be out and about streaming shows from Netflix or another service on a regular basis. Since unlimited data is still available through most at home high-speed Internet subscriptions, the use of data is a non-issue. Rick says that Netflix can't lose, I respectfully disagree.

        To be blunt, Netflix has plenty to lose. Amazon Prime is going to gain subscribers over the holidays. When they realize the Amazon and Netflix catalogs are actually pretty comparable, it's Netflix that will get the axe. Subscribers that want the best television programming will go to Hulu Plus. Once Redbox Instant is launched, I think you'll see this service take subscribers from both Netflix and Amazon. The streaming battle is heating up, and unfortunately for Netflix investors, everyone is gunning for their customers.

        Sentiment: Strong Sell

    • John Malone is Media Mughal and why he refuse to take Disney content at price tag, which Criminal Thug was willing to pay?

      Liberty Media has plenty of cash vs MF Reed Hastings turned Netflix balance sheet to Insolvency in 2011 to cash out fraud loot from scam bubble creation in 2010/11 and massive stock option abuse continues to loot more and Key crime Partner from Technology Cross ventures Jay Hoag , who looted billions from NETFLIX scam Short Squeeze Bubble Planning along with Barry McCarthy & Reed Hastings and Jay Hoag is still on Board of Directors and enjoying free loot along with rest of the scam Gang.

      Technology Cross ventures is Biggest Nexus scam Gang connected to Goldman Sachs Crime syndicate Network in Silicon Valley

      NETFLIX from day one listing on USA Wall Street Casino has been used by this scam Gang to loot billions via Concentrated Holding and controlled Trading float and lending Short and executing planned short Squeezes for over many tears but Major fraud was planned in Dec2009 to execute Streaming hype fraud and $200M Debt has been used in 2010 , Line oF Credit at Wells Fargo and entire Cash Flow to play this fraud and massive loot in Billions cashed by nexus scam Gang:

      INSIDERS SCAM GANG LED BY REED HASTINGS, BARRY McCARTHY/TECHNOLOGY CROSS VENTURES AND THEIR WALL STREET KEY CRIME PARTNERS GOLDMAN SACHS AND MORGAN STANLEY

      THESE CRIMINAL GANG CASHED BIG TIME BEFORE REVEALING BALANCE SHEET INSOLVENCY IN OCT 2011 AND NEW FRAUD SUDDEN FUNDING DEAL IN A RUSH WITH $200M IN A VERY CLEVER 2018 ZERO COUPON FRAUD FROM FREE LOOT AT TECHNOLOGY CROSS VENTURES NOW UNDER CONTROL OF BARRY McCARTHY(EX CFO) AND THEY ROPED IN NEW SCAM PARTNERS AT TROWE PRICE WITH $200 WORTH STOCK TO PLAY NEW SHORT SQUEEZE SCAM IN EARLY 2012 AGAIN. After that we 2 new Short Squeeze scam recycling in 2012 and this fraud Recycle by this Nexus scam Gang continues.........GOLDMAM SACHS is key crime partner in 2012 too with their fraud derivatives and Manipulation "HFT" software at work and S.E.C CRIMINALS ARE STILL PROTECTING THIS SCAM GANG... WELLS NOTICE IS DIRTY TRICK BY ROBERT KHUZAMI./MARY SHAPIRO SCAM GANG AT S.E.C. to silence whistle Blower like me, these criminal Gang at S.E.C. is bed with scam gang at GOLDMAN SACHS

      GOLDMAN SACHS trading in Netflix has to be Audited by FBI & Criminal Division at DOJ.

      This Fraud in Netflix trading pit has put ENRON/WORLDCOM /MADOFF scams to shame........and still continues.............

      Now back to LIBERTY MEDIA/STARZ and John Malone Question:

      John Malone is Media Mughal and why he refuse to take Disney content at price tag, which Criminal Thug was willing to pay?

      Focus on this from the article:
      Why Did Starz Turn Down Disney?

      However, the deal has a major downside: its cost. While Netflix declined to give any financial details regarding the terms of the agreement, the L.A. Times reported that it could run as much as $300 million per year. Janney Montgomery Scott analyst Tony Wible wrote in a report seen by NBC that the firm would “not be surprised if (Netflix) would need to raise capital.”
      Liberty Media’s (NASDAQ:LMCA) premium cable channel Starz decided on Tuesday not to renew its exclusive licensing agreement with Disney, partly because of the prohibitive price. As The Wall Street Journal said on Wednesday, Starz will be looking for a potential buyer as soon as Liberty Media spins off the company in early January. Sources told the publication that “Some buyers wouldn’t want to take over a company that’s burdened with giant cost increases.” Disney’s new terms could have resulted in annual fees of $300 million, $100 million more than under Starz’s previous deal.
      For Starz, which will be solely dependent on original programming and content from a deal with Sony (NYSE:SNE) once its Disney contract expires, securing a potential buyer is of utmost importance. Its networks have struggled to compete with Time Warner’s (NYSE:TWX) HBO and CBS’s (NYSE:CBS) Showtime in recent years.

      Sentiment: Strong Sell

 
NFLX
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