10-24-2011, 04:46 PM
They dumped plans to separate the services a while back. And some of the TV stuff you can find for free elsewhere, but the average person can't get in on their big screen TV in any easy way. That's the big benefit of Netflix - their software is in a zillion blu-ray players, game systems, settop boxes, Apple TV, etc. You don't need to download stuff to your computer and stream it.
However...the bad publicity obviously hit them way worse than expected, and they are losing a lot of subscribers. Plus they just announced they are expanding into the UK, which is going to cost a lot of money in advertising and marketing. So the stock is probably dead for the foreseeable future (I'm assuming my call spreads are now worthless).
Still...if it drops to $50-60 I might get back in. Can't resist those falling knives.
However...the bad publicity obviously hit them way worse than expected, and they are losing a lot of subscribers. Plus they just announced they are expanding into the UK, which is going to cost a lot of money in advertising and marketing. So the stock is probably dead for the foreseeable future (I'm assuming my call spreads are now worthless).
Still...if it drops to $50-60 I might get back in. Can't resist those falling knives.
Ex SWG, L2, CoH, Wow, and War
Currently PvPing in the stock market
Currently PvPing in the stock market