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Netflix, Inc. (NFLX) Message Board

  • pro.trader62 pro.trader62 Mar 6, 2013 11:29 PM Flag

    PATCHER IS A VERY GOOD ANALYST AND GET IT RIGHT MOST OF THE TIMES. THIS CALL IS AN EASY ONE FOR HIM...

    NETFLIX IS WAY OVERVALUED: TOMORROW EXPECT A BIG DROP.

    Pachter. They have
    destroyed their DVD business, they are chasing windmills overseas, where content
    owners are going to fight them. They are trading like they are worth $30 per domestic sub, when in fact they make just $2.50 today.

    Pachter was asked about the initiation of coverage of Netflix by RBC
    Capital Mark Mahaney on Monday, with an Outperform
    rating and a $210 price target. Mark is an incorrigible optimist said Pachter, continuing,
    Netflix did something very clever in Q4. They made $950 million in revenue, and they spent
    $937 million, so they produced $13 million in profit that took the stock up $5
    billion in market cap. Was $13 million really worth $5 billion in stock value?
    They were expected to lose tons of money, they produced a small profit. Who
    cares?

    Sentiment: Strong Sell

 
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