Hastings Said No Further Fundraising Round in 2012
At least they have no expectation of such a need. Counting on some organic sub growth it seems.
I thought he sounded pretty credible and of course knowledgeable. He may have screwed the pooch this year but the man is still among the wisest in this sector and NFLX the leading standard by which all other competitors are compared. 2012 debt or stock offerings off the table is a good sign. I like stocks of solvent companies coming off poor years. NFLX has been pounded for 5 or 6 months. 2012 could well be another story. 30% upside not at all out of the question.
VZ, today's latest purported edition of the NFLX slayer, will "likely have limited offerings". NFLX still the gold standard for customers. The stock is hated and taking daily blows from the fire-alarm crowd for months now. Eventually the "cry Wolf" shtick is getting lesser and lesser results. Signifies a gradual turn in momentum for this equity. Albeit, the company must produce some kind of improving result viz a viz their reduced guidance that is getting baked in in 2011's waning days. I like it as a 2012 rebound play. Kind of a Dogs of the Dow but for Nas tech.