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Thursday, March 08, 2012 1:27:51 AM
I was wrong for saying "Your loss of moeny"
I agree :)
There are so many free websites out there with more content, and newer content, why pay for Netflix with their limited content and old movies when you can get it for free?
And for those who want to pay, Netflix is losing money and contracts, how are they going to compete with a company like Apple who has more cash laying around then Netflix has in market cap?
There are free websites that have new free releases. The only thing with that is, I don't like watching people get up and walk through the screen and shaky cameras, and popcorn eating sound...
Why pay for it??? Simple. Convenience, just like you pay extra in a gas station for items.
and yeah they lost Starz, but that's because they got greedy...Starz will re-think trying to hustle Netflix in the future.
THey are also gaining other contracts as well.
Yea, I know. Like I said, there's nothing to be proud of with NFLX. The investors make some cash and then leave. I don't see any monopoly play in their future.
That can be applied to ANY stock. The whole reason to invest is to make money...not to marry a company, if someone thinks otherwise they are lying to themselves.
Not to mention, Netflix’s CEO is doing a terrible job. If Netflix really wanted to have monopoly they would be making moves like they have recently. Such as partnering with cable companies to package Netflix with cable packages, that is their competition and the whole point of netflix from the start was to go without cable and in hopes of someday making cable tv obsolete, looks like they are desperate now instead. Now they are "partnering" with iTunes so that you can pay for Netflix through your itunes account, how much of a cut do you think Apple with get from this? More then what NFLX is making off the subscription I can guarantee you that. If anything, for every subscription of Netflix someone buys through iTunes it will likely cost Netflix a LOSS. They are already forecasting a loss for 2012, that's not good for a $100 share price at 25x P/E. If the share price gets near $100 again you can be sure that every professional trader will be punching into that left to get short or cover their position because they won't want to miss out or be sitting long when $100 breaks.
I really hate it when people say that Reed Hastings is terrible. He took a company and idea from nothing to over 20 million subs. He knew that he needs additional income to cover new contracts...he's not going to sit around and wait for a RIMM moment to occur so his pro-active steps are viewed by everyone as "terrible"?
I mean people want a dvd- by mail service and streaming of unlimited movies for a month for less than two number 1's at MacDonalds...really?
So people cut netflix when in realty they are doing what the movie studios want...they don't like netflix, but if netflix has a strong subs base and continues increasing their subs, they'll have more negotiation power in the future. This would benefit people in general, but OMG NETFLIX increased their prices by a gaziilion percent....and yet they probably go buy a starbucks.
Oh and as far as the Itunes thing, i think apple usually gets 30% so that's 60% netflix will get in profits instead of nothing.
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