Netflix Narrowly Avoided Doom In 2013
Netflix (NFLX) CEO Reed Hastings is a spin-master, second only to Jeff Bezos. No matter what results Netflix reports, things are always sunny. Those who mock the old price increases and Quikster debacle forget that the stock rose on the day of the announcements. The latest slight of hand is the move to explore taking advantage of the current low interest rate environment, while stating that Netflix has sufficient cash on hand to fund expenses. This is not true. In fact, if Netflix had not issued additional debt, there is a strong likelihood of financial disaster in 2013.
This same argument was used last time Netflix sought financing in late 2011, but this time around, people seem to fully believe the argument. Ironically, Hastings' spin is more misleading than in 2011. I will provide a look at the massive content obligations due in 2012 (minimum of $2.45 billion). For those looking for a good story about Netflix, I suggest Rocco Pendola's piece from early January. Rocco is a story investor, not a numbers guy, but I believe few people in the world have a better grasp of the business model situation.
NETFLIX SCAM GANG AND FRAUD LOOT IN BILLIONS AND ONLY POSSIBLE IN USA FRAUD STREET CASINO/ THIS SCAM WILL STILL GO PINK SHEETS
BIGGEST ORGANIZED SCAM GANG SYNDICATE OPERATED BY PROVEN CRIMINAL THUG GREED HASTINGS SCAM GANG IN USA ON WALL STREET AND FULL PROTECTION PROVIDED BY ROBERT KHUZAMI/MARY SCHAPIRO/ROBERT COOK SCAM WATCH RATS AT S.E.C.
PROVEN CRIMINALS REED HASTINGS/BARRY McCARTHY/TECHNOLOGY CROSS VENTURES ARE OPERATING AN ORGANZIED LOOT PONZI SCAM VIA NETFLIX(NFLX) ON WALL STREET
Organized crime groups are often involved in crimes that are considered white collar offenses. A number of crimes committed by organized groups are done so for the purposes of financial gain. This is called racketeering, whic