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To: i-node who wrote (658)11/22/2011 2:50:39 PM
From: ChrisGillette
   of 993
 
<<Management has over-spent on content based on an assumption that growth would continue, and it didn't continue>>


Can you elaborate? Do you view this as a long-term growth issue, or as a short-term bad PR / backlash issue? I view it as the latter.

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From: Glenn Petersen11/22/2011 7:37:39 PM
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NETFLIX: Oh, And By The Way, We're Going To Lose Money Next Year

Henry Blodget
Business Insider
Nov. 22, 2011, 4:46 AM


Five months ago, Netflix was a $300 stock.

Now it's a ~$75 stock.

It's raising $400 million at its new, clobbered stock price to fund all its new content investments.

And... it's going to lose money next year!

Yes, that's the latest news that Netflix tucked into the prospectus for the stock portion of its stock and convertible bond offerings:

We expect that consolidated quarterly revenue will be relatively flat until we can achieve positive net subscriber additions. As a result of the relatively flat consolidated revenues and previously announced increased investment in our International segment, we expect to incur consolidated net losses for the year ending December 31, 2012.

Previously, Netflix said it might lose money for the first few quarters of 2012. So this is a change.

For comparison, Netflix is projected to earn about $4.10 per share this year.

Will Netflix ever recover, or is it toast?

I'm optimistic, though this latest fund-raising and loss news is certainly an unwelcome surprise.

On a positive note, Netflix also says its subscriber cancellations in its hybrid streaming-and-DVD business are slowing, and gross additions for its streaming-only service are still strong...

Consistent with our Q4 guidance, our domestic streaming and DVD gross cancellations continued to steadily decline in October and the first half of November, while gross additions of new streaming subscribers remained strong. As a result, consistent with our prior guidance, we continue to expect our domestic streaming net additions to be about flat for November as a whole and strongly positive for December.

businessinsider.com 

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From: 2MAR$11/23/2011 8:41:56 PM
   of 993
 
Disney-YouTube Strike Deal for Movie Rentals ....news keeps getting better
http://www.cnbc.com/id/45419016?__source=yahoo%7Cheadline%7Cquote%7Ctext%7C&par=yahoo

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From: tradebaron12/5/2011 6:42:16 PM
   of 993
 
NFLX CEO, Hastings definitely made it to the Top 4 Naughtiest CEOs of 2011:
editorial.equities.com 

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From: Sr K12/11/2011 1:31:20 AM
   of 993
 
nytimes.com 

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From: zax12/12/2011 7:44:56 PM
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Shares of Netflix soared more than 6% Monday on a report that Verizon Communications is considering buying the troubled movie renter. Verizon is reportedly evaluating whether a purchase of Netflix could provide an entry into the video delivery business, DealReporter said, citing a source close to the matter. The news comes as Netflix continues to struggle from a series of missteps earlier this year when it raised subscription prices and separated its DVD-by-mail service and streaming. Netflix's stock price plunged to a new 52-week low two weeks ago when the company warned it would fall to a loss in 2012 if it failed to boost its bruised customer base

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From: 2MAR$12/13/2011 7:43:50 AM
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NFLX $78+ gap...the figure mentioned in Bloomy here is $4.6Bil and deal possible by Easter which is about 15% premium or about $11 higher or about a $86 pps
http://www.bloomberg.com/news/2011-12-12/verizon-very-serious-about-interest-in-netflix-bibb-says.html

Verizon Communications Inc. (VZ), the second-largest U.S. phone company, is “very serious” about a bid to acquire online movie provider Netflix Inc. (NFLX), an investment banker said.

Verizon may kick off a bidding war for streaming-video pioneer Netflix that could result in a sale by Easter for about $4.6 billion, said Porter Bibb, managing partner at Mediatech Capital, in a television interview yesterday on “Bloomberg West,” citing unnamed people within Verizon.

“I am hearing rumblings from inside Verizon that they are very serious about either Netflix or something similar,” Bibb said.

Chief Executive Officer Lowell McAdam told an investor conference on Dec. 7 that the company aims to move beyond its Fios TV service into the streaming-video business.

“We continue to look at alternatives,” McAdam said at a UBS investor conference in New York. Los Gatos, California-based Netflix has a market capitalization of $4.17 billion.

Verizon, based in New York, is considering an offer for Netflix because telecommunications companies are concerned they will shoulder the increasing costs of transmitting video over their networks as providers such as Netflix, Amazon.com (AMZN) and Hulu LLC decline to share their profits, Deal Reporter reported earlier today, citing people with knowledge of the matter.

Steve Swasey, a Netflix spokesman, and Torod Neptune, a spokesman for Verizon, declined to comment.

Netflix, which offers subscriptions for video streaming and DVDs by mail, rose 6.2 percent to $75.26 yesterday at the New York close. The stock has fallen 57 percent this year.


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To: zax who wrote (664)12/13/2011 9:07:35 AM
From: 2MAR$
   of 993
 
Took the gap to $80 short premarket , rumor deflated ..."Today's Netflix (NFLX) Rumors are 100% Garbage "
streetinsider.com 


December 13, 2011 8:13 AM EST



Today's Netflix (Nasdaq: NFLX) takeover rumors may be as good as some of the B-movies playing on the service... Junk.

Driving today's action in the stock is a report from Bloomberg citing Porter Bibb, of Mediatech Capital, who said Verizon (NYSE: VZ) is "very serious" about a bid for Netflix.

"I am hearing rumblings from inside Verizon that they are very serious about either Netflix or something similar," Bibb said.

For those that don't remember, about one year ago Mr. Bibb said the same things about Sony buying IMAX (Nasdaq: IMAX). "I can confirm that both Sony and Disney are in serious talks with IMAX about a takeover, probably at $40 per share or more," Bibb was quoted as saying.

Needless to say, these Porter Bibb rumors were 100% bunk. We would imagine today's rumors about Netflix are just as credible.

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To: 2MAR$ who wrote (666)12/13/2011 9:08:34 AM
From: zax
   of 993
 
I thought the same thing... short opportunity.

Stock is broken.

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To: zax who wrote (667)12/13/2011 10:52:58 AM
From: 2MAR$
   of 993
 
well covered on two dips into $74 figured there's enough dippers out there & still some feeling they will get bought ...Reed would be lucky to get $5bil though , imo... GOOG is coming on strong & taking no prisoners including AAPL ...GOOG is a monster cookie now 800lb gorilla .

hey , i got 666 post , GRUB!!

made a nice pay day today on that trade ....SPY taking a dive here , GS was very unhappy something's up

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