Secondary offering - is NFLX CEO stupid or selfish?
Is Netflix CEO stupid or selfish? Netflix CEO clearly stated Netflix stock is too expensive, but he has yet to take the advantage of the lofty bubble stock price to do a secondary offering like Tesla to get capital to pay off debts. Is he simply too stupid and not financially smart or is he trying to keep the inflated stock price so he can get more money out of this bubble each month when he sells his own bubble NFLX stock every month?
Hastings doesn't want to dilute his shares and I don't want him diluting mine either. Netflix have more than enough cash coming in, 5.2 billion next year and compounding at 25% every year for many years after.
garolou, posting false cash flow numbers will not help Netflix get more cash flow. Netflix operating cash flow is pathetic $43 million dollars for the past year, no where close to your false $5.2 billion number at all. Netflix has to deal with billions of content obligations coming due and rising interest rate environment very soon. It is plain stupid not to do a secondary offering when the stock is at bubble level.