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Netflix, Inc. (NFLX) Message Board

  • garolou22 garolou22 Nov 10, 2012 2:37 PM Flag

    Netflix's biggest threat has suddenly vanished

    and the stock will continue to rise as more people come to realize that Comcast, Verizon, Google and Amazon will never catch a Netflix that is backed by Icahn and his 15 $billion net worth. The woes that have dogged Netflix and its stock have been significantly diminished. Icahn doesn't have to take over Netflix. He is sitting on a gold mine with his 10% stake as Netflix now seems likely to become the largest TV service company.

    Sentiment: Strong Buy

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Icahn isn't backing Netflix. He is placing bets and because he is so shady he has the deck stacked in his favor. Yeah the companies you mentioned are definitely afraid of the big bad Netflix. Man these new longs coming out of the woodwork is a sure sign that this this is topped. Where have all of you come from? Is Walmart closed today or something? Man.

      Sentiment: Strong Sell

      • 5 Replies to warnerlambert
      • He has placed his bet and we know from his track record with other companies he is in Netflix for the long run. Icahn knows that the ultimate winner in streaming will displace cable companies. Netflix doesn't have the revenues yet to take cable companies head on. Icahn can: 1.Wait until Netflix revenues grow, which he won't 2.Wait for another company to buy Netflix, which he will but not for long 3.Buy Netflix himself, which he won't because he will lose Hastings 4.Form a partnership with Netflix to offer a service that competes head on with cable, which is most likely what will happen.

        Sentiment: Strong Buy

      • Amazon prime stinks. The service is slow and the site lacks in comparison to Netflix. Netflix is a cult. Hulu, redbox / coinstar is such a piece of crap service. Just like you. Loser and dead wrong. Go back to 99 cent stores and do your shopping.

        Sentiment: Strong Buy

      • You must shop at JC penny on lay away you broke joke. Netflix is on the way up. It's so obvious, as I said earlier go short something else you broke creep. Oh yah, you probably don have the undos to short a stock.

        Loser

        Sentiment: Strong Buy

      • Analysts and investors question Netflix's long-term prospects and its ability to ever resume the heady growth of the past decade. They see a company struggling to control the costs of its streaming business while an older but highly profitable DVD business withers away.

        Netflix's management is very clear about the company's strategy, "but I don't think it's a good one," said Michael Pachter, a financial analyst who covers the company for Wedbush Securities, adding that he sees only two paths ahead: It's either going to be "a high-growth, unprofitable business or a low-growth profitable one."
        Since retreating from its move to split off its DVD business, Netflix has allowed that service to decline rapidly. In the last year, the service has lost more than a third of its subscribers, and its quarterly revenue has fallen by $100 million over the last three quarters.

        That decline is notable because even today--when it has nearly three times more U.S. subscribers to its streaming business than DVD subscribers--the DVD business still produces 40 percent more profit than its domestic streaming service.

        Sentiment: Strong Sell

      • Carl Icahn thug cost will be $56

        that crook only betting with $23 derivative scam trade

        and if stock crashed to pink sheet..Crook can loose $150M in derivative trade

        or all these pumpers will never find out , when Carl Icahn exits his derivative trade and will screaming in dark pool scam trading pit

        All these crook pumping fraud and getting sucked in will scream another class action law suit.

        NETFLIX fraud never will be acquired , it has been biggest fraud PUMP/DUMP with Price/Manipulation scam loot Ponzi by Proven Criminal Thug Reed Hastings Nexus organized scam gang.............

        HANG MARY SCHAPIRO/ROBERT KHUZMI/ROBERT COOK SCAM GANG AT S.E.C. IN A PUBLIC SQUARE

        Sentiment: Strong Sell

    • SCREAM FRAUD PUMPS BUT CRIMINAL THUG GREED HASTINGS WILL MAKE HEADLINES LIKE BERNARD EBBERS AT WORLDOCM SOON IN 2013
      REED HASTINGS/BARRY McCARTHY/DAVID WELLS SCAM DETAILS :CLASS ACTION SUIT DETAILED ALEGATIONS
      By singhlion2001 . Nov 9, 2012 6:54 PM . Permalink
      C. The Individual Defendants
      21. Defendant Reed Hastings (“Hastings”) has served as Netflix’s Chief
      Executive Officer since September 1998 and as its Co-Founder and Chairman of
      the Board since the Company’s inception. Hastings signed and certified Netflix’s
      false and misleading Form 10-K for fiscal 2010, as well as its false and misleading
      Forms 10-Q for the quarterly periods ending September 30, 2010, March 31, 2011
      and June 30, 2011. Hastings also made false and misleading statements on Netflix
      Earnings Conference Calls (“Earnings Calls”) on October 20, 2010 and January 26,
      2011 and during a December 8, 2010 Barclays Capital Global Technology
      Conference (the “Barclays Conference”). Further, Hastings made false and
      misleading statements in a December 20, 2010 article appearing in an online blog,
      Seeking Alpha. Hastings fraudulently knew that these statements were materially
      false and misleading at the time they were made.
      22. Hastings sold more than 187,432 shares of Netflix stock during the
      Class Period, reaping gross proceeds in excess of $43 million.
      23. Defendant David Wells (“Wells”) has served as Netflix’s Chief
      Financial Officer since December 2010 and its Vice President of Financial
      Planning & Analysis from August 2008 to December 2010. He held the position
      of Director of Operations Planning & Analysis from March 2004 to August 2008.
      Wells signed and certified Netflix’s false and misleading Form 10-K for fiscal
      2010, as well as its false and misleading Forms 10-Q for the quarterly periods
      ending March 31, 2011 and June 30, 2011. In addition, Wells signed Netflix’s
      materially false and misleading Forms 8-K dated January 26, 2011, April 25, 2011,
      July 25, 2011, September 15, 2011 and October 24, 2011, and publicly-filed letters 9

      CONSOLIDATED CLASS ACTION COMPLAINT - 3:12-CV-00225-SC
      to the SEC dated May 20, 2011 and July 11, 2011. Wells fraudulently knew that
      these statements were materially false and misleading at the time they were made.
      24. Wells sold more than 6,100 shares of Netflix common stock during
      the Class Period, reaping gross proceeds in excess of $1.5 million.
      25. Defendant Barry McCarthy (“McCarthy”) served as the Chief
      Financial Officer of Netflix from April 1999 until December 10, 2010. McCarthy
      signed and certified Netflix’s false and misleading Form 10-Q for the quarterly
      period ending September 30, 2010. McCarthy also signed Netflix’s false and
      misleading Form 8-K dated October 20, 2010. McCarty also made false and
      misleading statements and material omissions on Netflix Earnings Calls on
      October 20, 2010 and during the Barclays Conference on December 8, 2010.
      McCarthy fraudulently knew that these statements were materially false and
      misleading at the time they were made.
      26. McCarthy sold more than 228,000 shares of Netflix common stock
      during the Class Period, reaping gross proceeds in excess of $41.7 million.
      27. Facts that are critical to Netflix’s “core operations” are presumably
      known by its key officers, including each of the Individual Defendants. In
      addition, the Individual Defendants, by virtue of their positions as Netflix’s senior
      executive officers, directly participated in the management of Netflix, and were
      directly involved in the day-to-day operations of Netflix at the highest levels, and
      were privy to confidential proprietary information concerning the Company and its
      business, operations, growth, financial statements, and financial condition, as
      alleged herein.
      28. Moreover, the Individual Defendants were involved in drafting,
      producing, reviewing and/or disseminating the false and misleading statements,
      information and omissions alleged herein, were aware, or recklessly disregarded,
      the fact that the false and misleading statements and omissions were being issued 10

      CONSOLIDATED CLASS ACTION COMPLAINT - 3:12-CV-00225-SC
      by the Company, and approved or ratified these statements, in violation of the
      federal securities laws.
      29. As officers and controlling persons of a publicly-held company whose
      shares are registered with the SEC and traded on NASDAQ, the Individual
      Defendants had a duty to disseminate prompt, accurate and truthful information
      with respect to Netflix, and to correct any previously issued statements that had
      become materially misleading or untrue, so that the market price of the Company’s
      common stock would be based upon truthful and accurate information. The
      Individual Defendants each violated these specific requirements and obligations
      during the Class Period.
      30. The Individual Defendants are liable as participants in a fraudulent
      scheme and course of business that operated as a fraud or deceit on purchasers of
      Netflix’s common stock by disseminating materially false and misleading
      statements and/or concealing material adverse facts with respect to the statements
      concerning the profitability of its streaming segment and ability to afford the costs
      associated therewith, as alleged herein. The scheme: (i) deceived the investing
      public regarding Netflix’s business, operations, management and the intrinsic value
      of Netflix’s common stock; (ii) permitted the Individual Defendants to exercise
      stock options and engage in insider sales during a period of stock inflation;
      (iii) materially misrepresented and concealed the profitability of Netflix’s
      streaming segment, i.e., the Company’s core business, and ability to afford the
      costs associated therewith; (iv) caused Lead Plaintiffs and other members of the
      Class to purchase Netflix common stock at artificially inflated prices; and
      (v) caused Lead Plaintiffs to suffer damages when Netflix finally disclosed the
      truth about the profitability of its streaming segment to investors.

      Sentiment: Strong Sell

 
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