Each new pump higher in this market is reminding me more and more of Y2K. There's scant value in the market and numerous names that are running on fumes, hope, and change.
History repeats itself.
Anyone that hasn't learned Hastings has a master's in BS hasn't been paying attention. The numbskulls who bought this thinking NFLX wouldn't have to pay for hogging bandwidth are going to pay for their naivete.
The majority of ISP customers are not NFLX users with lots of idle time on their hands. Therefore, the winning ISPs will be those who don't let their minority of customers gum up the same pipes their non-NFLX-using majority depends on. The obvious way to do this is throttle down on the rerun-watching NFLX dolts.
Apple buys small cap technology companies. NFLX has no technology/patents that would interest APPL. In due time, APPL will crush NFLX like a cockroach if they so choose.
Other than the sloppy journalism that occurs in the financial news, what is the evidence that Darden's customers are turning to CMG? There's next to nothing in common. Someone going to Darden's is looking for a reasonably priced seafood, steak, or Italian fare in amongst decent ambience. And they're usually not in a big hurry.
CMG's customer is looking for a burrito in a hurry and is unlikely to care about ambience giving the spartan conditions of the interior of a CMG.
I don't see much crossover appeal there and I don't see that Darden's problems are a result of CMG - despite the parrot-like refrain from the financial news media.
You forgot. Those cable companies that control the pipes can also tell NFLX they're going to start paying for the amount of bandwidth used. Have you forgotten about the Net Neutrality ruling so soon? And you think the cable companies are going to roll over for Hastings? LOL
Earnings will be irrelevant. They can cook those numbers any way they wish. What will be important is sub growth and revenue growth. Any slowing of either of those and this will make the Hindenberg look like a toy balloon.
Saying NFLX is outbidding cable for content amounts to nothing more than babbling bullshyte.
For a guy who supposedly has a long-term hold on NFLX, you sure spend a lot of time here. If I didn't know any better I'd guess increasing NFLX competition, unfavorable legal rulings, a broken technical chart, and impending earnings release are making your long position very nervous.
You keep up your preaching to the choir. I'll be here with my hankies for the crying longs.
NFLX will NEVER sniff at $1000. NFLX will only go as far as their original content can take them, and that's going to be hugely expensive. Streaming content you don't own is a commodity business with next to no barrier to entry. It's a losing game.