i am new immigrant,bought new tv ,got free promotion from provider for free netfix,theres nothing to watch ,old stuff, not much content either. How on earth this stock valued at 225 p/e,it was just 7$ 5 years ago ,up 25 times to current 184$.this thing would drop like stone all the way to 2$ wich is best way to short it?
after checking netflix out for a few months free credit running out next week,, of course i unsubscibed,theres nothing to watch there ,netflix didnt even ask for payment details when i registered,i believe thats where their new subs are coming from,free promotions.All those subs are gone in a few months,u dont even need to unsubscribe ,netflix cant charge u.Unlike gym memberships or porn sites where ppl still get charged month after month,because those ppl are lazy to cancel or just forgot. Netflix is a twin brother of UBER ,another company that going down the drain.i did uber for last 4 month 7 days a week,and can tel u from exp its a scam .After all my expenses u would be lucky just to break even,i am not unfortunately and instead of experiencing promised financial bliss i am currently 8000$ on a hook.UBER relying heavily on the same kind of promotions,the problem is drivers started to figure it out.Without constant supply of new drivers uber is done,to bad i cant short it.Its way worse with netflix ,uber made a 10000s$ of money from me and still bancrupt,netflix got 0 from me,I am 100% positive this stock going to 1$
I have to disagree about their service. I have no opinion of the future of the stock price. I have enjoyed many of their original programs: Daredevil, Jessica Jones, Medici, Marco Polo, Iron Fist, House of Cards, The Last Kingdom, Luke Cage and Orange is the new Black. During the summer when network tv is typically showing reruns, I watch a lot of Netflix. Absolutely worth the cost for me.
I'm with Robert, while I wished they would have more movies, they do have some very good shows and to add to Roberts list I like "Last Chance U" with its 2nd season and The Ranch which Sam Elliott's character was my Dad to a T. We have had DirecTV back to when you had to make 2 payments to Hughes and USSB, so 25-30yrs and this is the 1st time we question if worth it. Last weekend, was free HBO and Cinemas, and only thing I seen was all of Ballers and most of that very well done documentary The Defiant Ones with Dre and Jimmy Iovine so Netflix certainly has room to up their price. As for, the stock, it like other cult stocks Amazon or Tesla trade on world domination not fundamentals...yet! You can use $190 as resistance as I think it has been rejected there, a few times, in the past week.
There's certainly value in their programming and they do have good shows, the issue is it's not like regular tv where you subscribed constantly. Netflix is like video rental from local store with limited selection,during 5 months of free promotion I watched most what I liked and there's no need for me to keep subscribing
Don't tell him that Goofy.... Geez..... Mr Uber... There's a reason stocks make new highs. Despite your personal opinion/logic on things, trust me on this.... billions and billions of dollars managed by folks a lot smarter than you in this game have driven NFLX to this level. It may pullback from here some, and if your timings right you might make a few bucks on that, but odds are you're gonna lose your hard earned money being stubborn. Pissing in an ocean will not alter its salinity. G/L to ya.
NFLX will be the mother of all shorts when this bull market turns into a bear. But no one knows when that will be. Can be 1 month, can be 5 years.
Just a comment on NFLX and its everlasting bullishness. Our fund made money on NFLX for 3 of the last 4 quarters by staying long. Took a significant enough loss last week, by staying aggressively neutral (LEAP protected short-term straddles at $165). Purely from a fundamentals perspective, NFLX valuation doesn't make sense. However, one has to look at NFLX in context with the rest of the tech / media and telecom ecosystem. NFLX's simple business model of streaming and original content creation (no ads, no ecommerce, no cloud services etc) and a sub-$100B market cap makes it very attractive for any of the larger tech (GOOG, AAPL, AMZN, FB)/ media content (DIS, AAPL, CMCSA) or telecom (VZ, ATT) companies to buy them up. Evidently, every body wants to get into original content streaming. My guess is that stock carries a 20% premium just because of the speculation for an acquisition. Again, 20/20 hindsight after losing 3.5% on NFLX shorts. Now only if this stock can drop to $175, I can close all my straddles for a wash.