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Netflix, Inc. (NFLX) Message Board

  • bstee bstee Sep 19, 2013 2:03 PM Flag

    Convertable notes

    On April 23, 2013, the aggregate principal amount of Notes that were mandatorily converted was $200 million and such Notes converted into approximately 2.3 million shares of Netflix's common stock.

    So let's see...they added 2.3 million shares of stock ($609 million in market cap) in order to retire $200 million in bonds...wow, that is really a great move. Time for a buy back?

 
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