Yes - down to 30c for all of 2016 .. they have been lowered so far, that it will be impossible to miss. 18 month forward P/E of 380 now.
$9B in net capital invested, $9B in debt invested ... $1.9B in retained earnings over 20 years. A whopping 0.5% ROIC
AMZN has $8.3B in debt. Current ratio is a dangerous 1.1 with downside coming, as Q2 and Q3 are always a cash flow drain.
Here is what he said today on CNBC:
Mahaney was asked what he thinks of Devitt's bullish case scenario of Netflix touching $1,600 by 2020. He replied, "Look, I have been bull on Netflix since $60, also from $130 going down to $60. So, we didn't necessarily call to bottom. I think it's a great, a fundamental story. I don't think you want to be aggressively buying Netflix here. It is one of our buys, it was one of our top buys at the beginning of the year."
"As the stock has almost doubled year-to-date, I think you want to cool down the [...] a little bit here. You also want to see, come on now let's show some execution in the international markets. Let's see if they can have any success in Japan, any success in China before we start throwing around $1,600 price targets," Mahaney concluded.
lets see if the bargain hunters move in
These guys need to issue a PR that they are taking some of that pile of cash to buy back stock. This thing would pop 10% as it would show they are serious about protecting shareholders and would scare shorts out.
good luck, that bag your holding is heavy!
Butch - don't be naïve .. they increase the float by 30x and only did a 7-for-1 split. They did that b/c a secondary if coming - they are out of cash and already loaded up on debt. This is the biggest pump and dump of all time. Why do think all of the upgrades came just after the BOD meeting? It is b/c wall street banks got frothy in the mouth thinking about the money they will make on the secondary. They all got in line with their hands out, and now NFLX will reward those most loyal.
Once tech is gone - that is when the stock will finally drop. This board is now 100% full of pumpers .. that means no one left to buy.
It keeps the scam going. The problem with the stock at $650 is that it harder for the banks to screw retail. If you invest 100k in Netflix that is only 153 shares ... but more importantly it is only 1 option contract to be sold against that position. If the price is $65, that is 1,538 shares, or the potential for 15 contracts to be sold against it. So, a 10-for-1 split leads to a 15-to-1 increase in option volume and $ value. The gain is in the option value and liquidity for the banks to rape us.
Amazing to watch these things develop .. RSI near 90 as final blast push leaving shorts trapped and are covering as fast as possible as margin calls arrive, and there is no one selling on bullish news. A 41 point move in 3 days on really nothing .. a final move that crushes remaining shorts, but leaves no real demand for the shares at the elevated faux price left from short collapse. Once shorts are done today (you can see the massive volume clearing them out this morning), only bagholders will be left.
This stock will drop huge over next couple of months as company performance cannot possibly meet stock price expectations (now trading at almost 7x revenue on razor thin margins, and negative FCF with only 20% revenue growth)
Stock is up 41% of last 90 days (447 - 632) while CY16 EPS has been cut 55% in same time period (5.47 - 3.53). P/E went from 82 90 days ago to 179 now. Lesson is -- spend everything you have to (borrow like crazy) to forecast growth. The investments don't even need to pay off ... doesn't matter, just keep spending for growth, and your stock will be rewarded.
Dolf - for once I agree with you. My point is that the type of quarter they have is irrelevant. The stock is completely disconnected from company performance. The stock price is managed by a few large funds/banks, and they decide which way it heads. retail investors can go along for the ride or get run over by them!