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NFLX up ~38% today

Posted on 1/24/13 at 12:36 pm
Posted by rickgrimes
Member since Jan 2011
4178 posts
Posted on 1/24/13 at 12:36 pm
Is this the beginnings of a full blown comeback?
Posted by LSUcam
Destin FL
Member since Dec 2011
381 posts
Posted on 1/24/13 at 1:24 pm to
quote:

full blown comeback


I think NFLX has come back, as far as a company. As far as the stock, I think it is currently over-valued at today's market price. I do not see a huge upside from today, but I could be wrong. I'd definitely wait for a pull-back.

The reason the stock blew up today is because NFLX posted unexpected GAAP profits, where the street expected GAAP losses on earnings. I'm not here to bash NFLX, I love the product, use the product. I'm just outlaying the risk with jumping on the bandwagon today at this market price.

I think NFLX stays around for 3-5 years, unless they diversify the revenue streams (I think the service they provide is lower-margin and highly replicable).

Posted by LSU1018
Baton Rouge
Member since Feb 2007
7215 posts
Posted on 1/24/13 at 1:49 pm to
I think Netflix could hang around if they start producing more series for Netflix only. Not sure how good that will fly but I know I wish they would produce another season of Jericho
Posted by southernelite
Dallas
Member since Sep 2009
53126 posts
Posted on 1/24/13 at 7:06 pm to
quote:

Is this the beginnings of a full blown comeback?


full blown comeback. no.

they are on their way though. need to ink some more Disney type deals.
also, don't know what the current turnaround on theatre to netflix is, but they could probably work on that too.
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