S & P CUTS NETFLIX TO NEGATIVE FROM NEUTRAL DUE TO INCREASE DEBT.... BUT NO ANALYST TALKS ABOUT IT..........
S & P EXPECTS A NEGATIVE CASH FLOW FOR 2013. tHE COST OF $255 MILLION AT 8.5% IS $ $19.125 MILLION THE NEW COST OF THE $500 MILLION IS AT 5.375% IS $26.275 MILLIO THAT IS AN INCREASE OF $7.75 MILLIO A YEAR. NETFLIX CONTINUES TO CRIPPLE THE BALANCE SHEET. PLEASE COMMENT....
S&P Assigned Netflix Prosed Debt Issue-Level Rating Of 'BB-' With Recovery Rating Of '3' NFLX (Dow Jones)
2:10p S&P: Netflix Rating Outlook Is Negative Based On Increase In Debt Leverage As Well As Expectation For Negative Discretionary Cash Flow In 2013 NFLX (Dow Jones)
2:10p S&P: 'BB-' Corporate Credit Rating On Netflix Is Affirmed NFLX (Dow Jones)
2:09p S&P Revises Outlook On Netflix 'BB-' Corporate Credit Rating To Negative NFLX (Dow Jones)
1:50p S&P Cuts Netflix's Outlook to Negative from Stable (Benzinga)
Do you really care about minor details such as negative cash flow and huge debt and extremely high P/E??
All you need to know is that everybody and their momma are short this stock and are getting squeezed by the ballderos until their accts get shut down by their brokers and homes are foreclosed on in my humble personal opinion. You dont need any other reason to rally even a junk stock other than such a large number of shorts piled on. shorts squeeze can work magic in rallying a stock.
may the bubble keep getting bigger and bigger.............
Buy something thats gone from 58.00 to 177.00 in the last 4 months!Here's your short answer by the way. You're way off on your thoughts re shorts http://online.wsj.com/mdc/public/page/2_3062-nasdaqshort-highlites.html#shortB.