06-01-2012, 05:58 PM
Hoo man, NFLX at $62.9 right now.
So tempting. Almost 1 year ago they were at $295!
And they're doing well domestically. The dive is mostly because they've been getting killed overseas, with Amazon apparently being a big competitor (via LoveFilm, which just got a nice exclusive deal).
Still, everybody talks Netflix these days and nobody seems to hate it. The anger caused by their price change seems to have vanished and everyone is back to liking them again (probably because, domestically, they're still the best game in town).
I even think they could do well in an economic downturn because if you need to save money, canceling your cable and getting Netflix movies is a reasonable plan. (Every time I see those DirectTV "cancel your cable" ads, I think of Netflix. Really that should be Netflix's advertisement scheme...)
It's just hard to predict "long term" with Netflix. Amazon I can buy into and if their stock goes down, I just hang onto it, because 10 years from now I have every confidence that Amazon will be around and their stock is a good long term investment. Netflix I'm less sure about. If they come out on top, your $60 could see the light of $300. If they don't, your $60 might be dust in the wind.
So tempting. Almost 1 year ago they were at $295!
And they're doing well domestically. The dive is mostly because they've been getting killed overseas, with Amazon apparently being a big competitor (via LoveFilm, which just got a nice exclusive deal).
Still, everybody talks Netflix these days and nobody seems to hate it. The anger caused by their price change seems to have vanished and everyone is back to liking them again (probably because, domestically, they're still the best game in town).
I even think they could do well in an economic downturn because if you need to save money, canceling your cable and getting Netflix movies is a reasonable plan. (Every time I see those DirectTV "cancel your cable" ads, I think of Netflix. Really that should be Netflix's advertisement scheme...)
It's just hard to predict "long term" with Netflix. Amazon I can buy into and if their stock goes down, I just hang onto it, because 10 years from now I have every confidence that Amazon will be around and their stock is a good long term investment. Netflix I'm less sure about. If they come out on top, your $60 could see the light of $300. If they don't, your $60 might be dust in the wind.