Few doubt the price will have to increase, IMO, double. Yes, the stock will taka a hit....same as last increase. At double the price, again, IMO, it is cheap and some will bail, others just gripe. Netflix is a giant and will be for the foreseeable future, especially when they expand worldwide. To me, Netflix is the destructor of cable tv and the DVD etc...THANKS!
Are you commenting as a trader or a consumer? If I may, you seem to be thinking short-term. IMO, DVD's as dead as other "material media." Why would I purchase a DVD from Wal Mart for $20-$30 dollars, when I can purchase the same movie from Netflix, AT THE SAME COST or lower? If new releases are not yet available on Netflix, it won't be long until one can buy ANY media there......and have them available online instead of the hassle of DVD's (and players)? DVD's are dead. I DOUBT Netflix will be able to compete ultimately, years out, with Amazon, Apple and Google. However, in the short term, Netflix stock is going to reach $1000 per share, this year, IF, the overall market behaves. Thanks.,
I watched CNBC this morning. I forget the source, but there is some concern there will be less viewing in the summer months. That may be it if that is a general concern by someone who matters in the overall scheme of things.