On Wednesday Netflix launched it's streaming service in 130 countries simultaneously making it a "global TV network." http://www.thestreet.com/story/1341...ock-soars-expands-into-130-new-countries.html Netflix is still exploring options to expand to other countries like China.
At the moment and for the foreseeable future, Netflix seems to be on the up and as stolen a march on their competitors. With this expansion it really can be classed as a global company, and I've no doubt that in these new countries Netflix will be as popular as it was in the original ones, giving the company even more scope for success in the future.
Netflix is the in thing. I understand that moviegoers are now starting to learn the practicality of watching movies at home especially so that tv sets are now wide screen and with high resolution. And with Netflix, it is very convenient to simulate a movie in the theater that you can watch at home. So that soaring stock prices is understandable because I know that some investors are watiing for the public offering so they can be part owner of the hottest stock in town. Let's hope that the prices are real and not artificial.
I just watched a very good movie on Netflix last night. It was super convenient...as I could watch it on my kindle. One thing I really like about Netflix is that as long as one person pays for the subscription...numerous people can share it and watch it on their devices. That is something that is fairly unprecetended and really benefits the consumer.
I don't understand your statement. $NFLX hss been and is publicly traded. Currently the P/E ratio is in ridiculously high nosebleed territory over 300, and no dividends are paid. Not for the value or conservative investor, in my opinion.
I can't understand the success of Netflix. Its user interface in the version we get here in the UK is atrocious. I can only imagine it is a lot better in the US and elsewhere, because given that it has competitors I'd be surprised that anyone sticks with it. I know it has a good back catalog, but haven't they recently announced that they're cutting a lot of popular shows from their roster? I'd actually look at their stock as being ripe for shorting, if I'm honest.
Try looking at http://decider.com and see if it applies to the UK. The web site does a good job in tracking the shows and movies that come and go each month.
I'd short it too, but because it swings so green some days, I can't stomach it. It can be tough sometimes to imagine a stock or company for that matter that does so well, off something that is fairly simple. I think in 10 years there will be something better, or they will be bought out. Easy market to break into, IMHO.
I sold the last of what I had of this one a bit early (at around ~ $535 pre-split). Have a put option here. Like Amazon, this is not one I can bare to have an actual short stock position on.
It's hard to believe that only five years ago Netflix was in a pickle. Remember when it was a mailing subscription service for DVDs, and you had to then mail the DVDs back? I remember people predicting the demise around then. Whoever is responsible for the turn-around is a re-branding and marketing pro. I think the Netflix model works for anything that people like to consume as entertainment and want a wide variety of. I'm currently doing a free trial of a "netflix" type site for books and I like it. So the model could work for anything if it's played right.
