NanoTech Entertainment Inc (NTEK)

[Krisandtilly]

Ntek investors can learn how the streaming business works http://www.forbes.com/sites/afontevecchia/2013/10/21/reed-hastings-warns-of-investor-euphoria-as-netflix-surges-260-this-year/ from a $3 dollar stock to a high of $489
That’s why Hastings was careful to focus on what really matters to him: Netflix’s subscriber base. “Despite the huge swings in our stock price since our 2002 IPO ($8 to $3 to $39 to $8 to $300 to $55 to $330), we’ve continued to grow our membership every year fairly steadily. We do our best to ignore the volatility in our stock,” he explained.

Netflix has managed to grow its U.S. subscriber base to 31.09 million users, and expects that to rise to 31.45 million next quarter. Internationally, the company has pushed aggressively, taking their streaming subscribers from 3.69 million a year ago to 8.1 million. More people watching more shows and movies on Netflix means greater possibilities to monetize, and monetize they did. In the third quarter, Netflix booked a profit of nearly $32 million, essentially quadrupling the year-ago result.

As Ultraflix subscriber base grows so will the pps

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NTEK $$$.00