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Everybody Loathes Netflix - But is it Justified? |
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| Apr 24, 2008 12:36 PM UTC |
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Tracked Blogger
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4/22 - "Netflix continues to grow in popularity, and that's unlikely to change in the near term...Operating margins improved despite last summer's pricing moves. Now that the Blockbuster alternative is a less savory proposition for film buffs, churn and subscriber acquisition costs are dropping nicely." "The company's strength in a trying environment isn't a surprise. I singled out the company as a recession-resistant consumer stock last month. Higher gas prices are making a trip out to the video store a drag. Penny-pinching consumers staying home still need to be entertained. Netflix is there to save the day...Even if you argue that the DVD platform's days are numbered, Netflix is making inroads into digital delivery." "Not everything is rosy in Netflixland. The company once again improved its projections for year-end memberships -- now expecting to close out 2008 with 9.1 million to 9.7 million subscribers -- but this is also the second time Netflix raised its guidance while keeping its net income estimate unchanged. This is also the second time that the company's revenue update showed smaller spurts than its subscriber base tally." "I'll take the hit today as a Netflix shareholder. In fact, I expected it. However, as far as fallen darlings go, I expect Netflix to be back within the market's good graces soon, especially as it announces the unannounced -- cough, cough -- partnerships in the coming months." 
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3 Related Views
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 N/A risk: moderate |
From Long to Short: Netflix
4/22 - "NFLX (Netflix) is a good example of a stock that can change from a long to a short setup on the turn of a dime. Apparently the street did not like the earnings call, as the stock gapped down and broke major support levels. I may short in a few days on a low volume pullback."
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N/A risk: moderate |
Piper Jaffray Removes Netflix from Alpha List; Stockmasters See Buying Opportunity
4/22 - "Piper Jaffray removes Netflix (Nasdaq: NFLX) from its Alpha List, saying "our near-term catalyst, the Q1 earnings report, is now in the rearview mirror." The firm maintains its Buy rating and $45 price target on shares of Netflix."
"For Netflix shareholders, Piper called the "bottom line" the Company's ability to continually gain market share. The firm also believes Netflix will bene...
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N/A |
Netflix a Short-Term Sell? Or a Long-Term Buy?
4/21 - "It has been the case time and again in recent memory: Wall Street is less about “what you’ve done for me lately” than about “what you plan to do for me next.” That was a lesson served anew today to Netflix which reported decent earnings after the close of markets but disappointed with their forward projections...Revenue is now forecast at $1.35billion to $1.39billion, up from a range o...
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