09-19-2011, 04:00 PM
Thoughts on Netflix?
Their stock is waaaay down since the announced their split in billing (and increased prices) and now they're saying they're going to split their presentation into two different websites -- Netflix for streaming and "Qwikster" for DVD by mail.
Which sounds like a horrible idea and their stock tanked more today.
It's a question of whether you think Netflix is being run by poop flinging chimpanzees or whether this is All Part Of Some Clever Plan. If "a" then they're on the way to zero-ville and Blockbuster may yet have their revenge. If "b" then I could see their stock going back up by 50% pretty easily and quickly as the plan unfolds.
I'm kind of leaning towards "b" because I don't see how they could get to where they are now by being idiots. I feel they must have some ace up their sleeve and we're soon going to find out what it is.
Anyone else got some Netflix insight? They didn't change CEOs recently or anything did they?
Their stock is waaaay down since the announced their split in billing (and increased prices) and now they're saying they're going to split their presentation into two different websites -- Netflix for streaming and "Qwikster" for DVD by mail.
Which sounds like a horrible idea and their stock tanked more today.
It's a question of whether you think Netflix is being run by poop flinging chimpanzees or whether this is All Part Of Some Clever Plan. If "a" then they're on the way to zero-ville and Blockbuster may yet have their revenge. If "b" then I could see their stock going back up by 50% pretty easily and quickly as the plan unfolds.
I'm kind of leaning towards "b" because I don't see how they could get to where they are now by being idiots. I feel they must have some ace up their sleeve and we're soon going to find out what it is.
Anyone else got some Netflix insight? They didn't change CEOs recently or anything did they?