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Netflix, Inc. Message Board

  • singhlion2001 singhlion2001 Aug 7, 2013 1:58 PM Flag

    RED ALERT IN USA: NETFLIX FRAUD LOOT & "SEC' CRIMINALS COVER UP FRAUD: ACCOUNTING RULES HELP NETFLIX HIDE MASSIVE LOSSES ACCOUNTING RULES HELP NETFLIX HIDE MASSIVE LOSSES

    RED ALERT IN USA: NETFLIX FRAUD LOOT & "SEC' CRIMINALS COVER UP FRAUD: ACCOUNTING RULES HELP NETFLIX HIDE MASSIVE LOSSES ACCOUNTING RULES HELP NETFLIX HIDE MASSIVE LOSSES
    In recent years, Netflix's management has been attempting to disguise the company's terrible fundamentals by boasting about things such as "subscriber growth" and "new content deals" they have made. Personally, I try to ignore this managerial propaganda by reading the SEC filings in order to analyze the company's true profitability and financial health.
    The first thing I want to examine is Netflix's deteriorating profitability. I will focus on the data from 2007 onwards, because this is the year streaming was introduced. In the table below, I provide the annual revenue, net income and free cash flow numbers over this time period:

    (Click to enlarge)
    Just by taking a quick glance at the numbers in the table, we can see that Netflix used to be an enormously profitable business. However, even as early as 2010, there were some red flags that would have told us that the good times would not last long. In order to fully understand why Netflix was so profitable in the past, and why this kind of financial performance is not likely to repeat, we must first study the way the company acquires and amortizes content.
    This table compares the amortization of content to the actual cash spent to acquire the content:

    (Click to enlarge)
    Note that from 2007 through 2009, the two amounts parallel each other closely, which makes sense: the amount Netflix spends to acquire content should be amortized over time. In fact, over these three years,the amount amortized is 89.4 percent of the total amount spent acquiring content - again, what one would expect, given that amortization should lag cash outlays in a rapidly growing business.
    However, starting in 2010, these two numbers diverge sharply, as Netflix began paying large amounts for content. In 2010, acquisition costs rose just over 106 percent (from $257M to $530M), y

    Sentiment: Strong Sell

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    • WANTED DEAD OR ALIVE PROVEN CRIMINAL THUG REED HASTINGS/JAY HOAG/BARRY McCARTHY/GOLDMAN SACHS/CARL ICAHN/TROWE PRICE LED SCAM GANG
      WANTED DEAD OR ALIVE PROVEN CRIMINAL THUG REED HASTINGS/JAY HOAG/BARRY McCARTHY/GOLDMAN SACHS/CARL ICAHN/TROWE PRICE LED SCAM GANG
      NETLFLIX NEXUS SCAM GANG HAS PUT EVERY FRAUD LOOT RECORD TO SHAME IN ENTIRE HISTORY OF USA WALL (NOW FRAUD) STREET CASINO. $20 BILLION+ FRAUD LOOT PROVEN SINCE JULY 2011 IS NOW BEYOND $60B+ WITH COMPLETE PROTECTION BY SEC CRIMINALS AND MAJOR FRAUD LOOT COVER UP IS GOING ON AT “SEC’ NOW………..
      ARREST THESE CRIMINALS AT "SEC" ASAP AND THEIR FAMILIES, ROUND THESE CRIMINALS UP AND HANG THEM IN PUBLIC SQUARE NOW...........BIGGEST FRAUD LOOT BY NETFLIX NEXUS SCAM GANG IN HISTORY OF USA WALL STREET FOR OVER 3+ YEARS WITH FULL PROTECTION AND SUPPORT FOR LOOT PROVIDED BY THESE CRIMINALS AT "SEC'
      THIS SCAM GANG IS MORE POWERFUL THAN PRESIDENT OF THIS NATION OR MF OBAMA & ERIC HOLDER ARE INVOLVED IN THIS SCAM GANG LOOT TOO? NEW CHAIRMAN CRIMINAL MARY JO WHITE #$%$ IS HERE FOR MORE FRAUD LOOT AT LIGHTENING SPEED
      RED ALERT:USA hijacked by Home Grown financial AL QAEDA
      SEC=Tora Bora Caves
      WANTED DEAD OR ALIVE POSTERS SHOULD BE ON EVERY STREET IN USA PUT OUT BY FBI NOW FOR MARY JOE WHITE/MARY HEAD/MARY SCHAPIRO/ELISSE WALTERS/ROBERT KHUZAMI/ROBERT COOK/GEORGE CONELLOS/JOHN RAMSEY/GORDON FULLER & REST OF CRIMINAL COMMISSIONERS HERE AT “SEC”
      NETFLIX FRAUD NEXUS SCAM GANG LEADERSHIP:
      PROVEN CRIMINAL THUG REED HASTINGS/JAY HOAG/BARRY McCarthy/GOLDMAN SACHS/CARL ICAHN/TROWE PRICE LED SCAM GANG
      OPEN CHALLENGE TO ALL WATCH DOGS/HIGH TREASON CRIMINAL RULERS, ACADEMIA AND OBAMA TO DEBATE NETFLIX INSIDER LOOT SCAM PLAY BOOK LIVE ON TV IN USA
      KEN SANDHU (408)890-6013 KENSANDHU@SBCGLOBAL.NET
      Enforcement Tips and Complaints
      • Manipulation of a security's price or volume
      • Insider trading
      Manipulation: Manipulation is intentional conduct designed to deceive investors by controlling or artificially affecting the market for a security. Manipulation can involve a number of techniques to affect the supply of, or demand for, a stock. They include: spreading false or misleading information about a company; improperly limiting the number of publicly-available shares; or rigging quotes, prices or trades to create a false or deceptive picture of the demand for a security. Those who engage in manipulation are subject to various civil and criminal sanctions. Of a security's price or volume

      Sentiment: Strong Sell

    • RED ALERT IN USA: WANTED DEAD OR ALIVE FOR AIDING LOOT OF USA 99% PENSIONS BY PROVEN CRIMINALS AT “SEC”
      SHUT “SEC’ DOWN AND HANG THESE CRIMINALS ASAP ALONG WITH REED HASTINGS/GOLDMAN SACHS/CARL ICAHN/TROWE PRICE LED NEXUS SCAM GANG

      WARNING TO : Mary Joe White/George Canellos/John Ramsey/Ellisse Walters and rest of SCAM GANG at “SEC”

      AMAZING FRAUD IN USA: JAY HOAG/BARRY McCARTHY/REED HASTINGS/GOLDMAN SACHS/MORGAN STANLEY PLANNED AND EXECUTED FRAUD LOOT SCAM PLAY BOOK

      AND ALL CRIMINAL NEXUS SCAM GANG MEMBERS ARE BILLIONAIRES IN 3 YEARS
      SHOCKING PART IS : NETFLIX BALANCE SHEET BECAME INSOLVENT TWICE AND FUNDED FROM FREE LOOT BY SAME SCAM GANG........

      ANOTHER SHOCKING PART: ALL FRAUD RESEARCH REPORTS/SCAM TARGETS BY GOLDMAN SACHS & MORGAN STANLEY.THEY LOOTED BILLIONS BY DUMPING BEFORE CRASH OF JULY 2011

      MASSIVE FRAUD MANIPULATION BY CONTROLLING ENTIRE TRADING FLOAT AND SHORT SQUEEZE BY GANGING UP WITH CONCENTRATED SCAM BAG HOLDINGS

      WEEKLY DERIVATIVES A MAJOR FRAUD WEAPON IN USA BY GOLDMAN SACHS & MORGAN STANLEY WITH FRAUD "HFT" MANIPULATION SOFTWARE.........

      MARY SCHAPIRO/ROBERT KHUZAMI/ROBERT COOK AND CHIEF COUNSEL AT "SEC' FULLY INVOLVED IN THE SCAM ONGOING MASSIVE LOOT EVER IN HISTORY OF USA WALL STREET (NOW PURE FRAUD STREET CASINO) IN USA………………MAJOR SCAM COVER UP GOING ON AT “SEC’ BY MARY JO WHITE/ELISSE WALTERS/GEORGE CANELLOS/JOHN RAMSEY/GORDON FULLER & REST OF SCAM GANG

      OPEN CHALLENGE IN USA TO DEBATE THIS SCAM PLAY BOOK FACTS AND PROVEN FRAUD RED HOT CRIME SCENE SINCE JULY 2011 WITH SEC/FINRA/FBI/DEPARTMENT OF JUSTICE/FINANCIAL+BANKING COMMITTEE HIGH TREASON CRIMINAL RULERS/OBAMA GANG IN WHITE HOUSE AND ALL ACADEMIA IN USA
      GOLDMAN SACHS is the Master mind of biggest LOOT record ever by any Organized Corporate Insiders and Bankster s Nexus Scam gang
      Enforcement Tips and Complaints
      • Manipulation of a security's price or volume
      • Insider trading
      Manipulation Manipulation is intentional conduct designed to deceive investors by controlling or artificially affecting the market for a security. Manipulation can involve a number of techniques to affect the supply of, or demand for, a stock. They include: spreading false or misleading information about a company; improperly limiting the number of publicly-available shares; or rigging quotes, prices or trades to create a false or deceptive picture of the demand for a security. Those who engage in manipulation are subject to various civil and criminal sanctions. of a security's price or volume

      Sentiment: Strong Sell

      • 1 Reply to singhlion2001
      • WANTED DEAD OR ALIVE PROVEN CRIMINAL THUG REED HASTINGS/JAY HOAG/BARRY McCARTHY/GOLDMAN SACHS/CARL ICAHN/TROWE PRICE LED SCAM GANG
        NETLFLIX NEXUS SCAM GANG HAS PUT EVERY FRAUD LOOT RECORD TO SHAME IN ENTIRE HISTORY OF USA WALL (NOW FRAUD) STREET CASINO. $20 BILLION+ FRAUD LOOT PROVEN SINCE JULY 2011 IS NOW BEYOND $60B+ WITH COMPLETE PROTECTION BY SEC CRIMINALS AND MAJOR FRAUD LOOT COVER UP IS GOING ON AT “SEC’ NOW………..
        ARREST THESE CRIMINALS AT "SEC" ASAP AND THEIR FAMILIES, ROUND THESE CRIMINALS UP AND HANG THEM IN PUBLIC SQUARE NOW...........BIGGEST FRAUD LOOT BY NETFLIX NEXUS SCAM GANG IN HISTORY OF USA WALL STREET FOR OVER 3+ YEARS WITH FULL PROTECTION AND SUPPORT FOR LOOT PROVIDED BY THESE CRIMINALS AT "SEC'
        THIS SCAM GANG IS MORE POWERFUL THAN PRESIDENT OF THIS NATION OR MF OBAMA & ERIC HOLDER ARE INVOLVED IN THIS SCAM GANG LOOT TOO? NEW CHAIRMAN CRIMINAL MARY JO WHITE #$%$ IS HERE FOR MORE FRAUD LOOT AT LIGHTENING SPEED
        RED ALERT:USA hijacked by Home Grown financial AL QAEDA
        SEC=Tora Bora Caves
        WANTED DEAD OR ALIVE POSTERS SHOULD BE ON EVERY STREET IN USA PUT OUT BY FBI NOW FOR MARY JOE WHITE/MARY HEAD/MARY SCHAPIRO/ELISSE WALTERS/ROBERT KHUZAMI/ROBERT COOK/GEORGE CONELLOS/JOHN RAMSEY/GORDON FULLER & REST OF CRIMINAL COMMISSIONERS HERE AT “SEC”
        NETFLIX FRAUD NEXUS SCAM GANG LEADERSHIP:
        PROVEN CRIMINAL THUG REED HASTINGS/JAY HOAG/BARRY McCarthy/GOLDMAN SACHS/CARL ICAHN/TROWE PRICE LED SCAM GANG
        OPEN CHALLENGE TO ALL WATCH DOGS/HIGH TREASON CRIMINAL RULERS, ACADEMIA AND OBAMA TO DEBATE NETFLIX INSIDER LOOT SCAM PLAY BOOK LIVE ON TV IN USA
        KEN SANDHU (408)890-6013 KENSANDHU@SBCGLOBAL.NET
        Enforcement Tips and Complaints
        • Manipulation of a security's price or volume
        • Insider trading
        Manipulation: Manipulation is intentional conduct designed to deceive investors by controlling or artificially affecting the market for a security. Manipulation can involve a number of techniques to affect the supply of, or demand for, a stock. They include: spreading false or misleading information about a company; improperly limiting the number of publicly-available shares; or rigging quotes, prices or trades to create a false or deceptive picture of the demand for a security. Those who engage in manipulation are subject to various civil and criminal sanctions. Of a security's price or volume

        Sentiment: Strong Sell

 
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