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Post by T Bhat on Oct 25, 2011 8:41:48 GMT -5
A big drop after losing customers - kind of highlights what could happen to a high flying tech stock when it loses momentum.
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Post by gopalbhat on Oct 25, 2011 9:00:58 GMT -5
I always felt the entry barrier was low for Netflix model and was afraid to touch Netflix.
Having said that, I was also in awe with the CEO who was constantly talking with Hollywood and trying to change the content delivery model. From $208/- to $75, the PE is now 19. With no net new customers and competition on heels like Redbox, DishTV and blockbuster alliance, it is going to be interesting few quarters down the line for Netflix
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Post by T Bhat on Oct 27, 2011 8:03:35 GMT -5
Agreed 100%. The CEO has got some chops and worth the money he rakes in.
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