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.
I've read studies that put clean up costs for off shore spills at $5000 per barrel. Even if the costs were a hundred times greater, it could be only $25 million in costs..........the biggest problem would be the government extracting money in fines and unnecessary new regulations.
For all the hoopla about streaming, DVD rentals still account for half the meager profits........so the hottest stock ever has half its profits in a dying buggy whip business. Some people will be too lazy to cancel their DVD subscriptions but eventually most people will. At some point does Netflix have an obligation to let people know that they haven't order a DVD mail service for a year or so and should downgrade their service?