Netflix still makes a good profit from their DVD rentals but how much longer that can last is anyone's guess. At some point, people will trade down to the streaming only option and there goes 30% of Netflix profits........not that they really have any profits.
Every stock I own has been killed this earnings season. Very nice to see a very solid report with no shortfall due to the strong dollar. I suppose that the geniuses on Wall St will pick apart the earnings as being good but because there was no currency issues, the earnings should have been even better.
Given that their content is really stale and most people stay with Netflix simply out of inertia, a simple cyber attack ala Home Depot or TJX would be devastating to Netflix. The only thing of value is their customer list and if 60 million credit card users are compromised, I just don't see them rebuilding their subscriber count.
I sold my MELA stock a few years ago at a big loss........still, the FDA stance on Melafind never made sense. The device was designed as a tool for general practitioners to use in the course of annual physicals. It wasn't infallible but thousands of patients would have been referred to dermatologists and it would have been a great preventative tool. So the FDA gives approval but puts so many restrictions on it to render it useless.