Netflix, Inc. (NASDAQ:NFLX)
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Netflix delivers its comprehensive library of movies and TV shows online and through the mail in their ubiquitous red envelopes.
Taking it to the street
Netflix delivers its comprehensive library of movies and TV shows online and through the mail in their ubiquitous red envelopes.
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Recs
NFLX is too over rated. I think that people have put too much faith in this being a recession stock. But, we won't be in a recession forever. They also need to start posting earnings for this price to be justified.
Another comment I made on someone else's NFLX pitch:
The point about redbox was that NFLX makes 33% of its revenue from new releases. They will probably lose money to the red box's $1.49 rental for new releases, since people can just rent one on a whim instead of waiting for the mail.
I really like NFLX the service (mine is cancelled right now though, since we moved we just got cable and called it good for now. But if we ever wanted rentals it would be NFLX becuase we are definitely not paying $5 at blockbuster when you get unlimited rentals for $9.99 via netflix)
I think that NFLX is over valued though. It is really just a feeling but it has shot up since the recession. The biggest reason I heard is "these guys do well in recessions since people will rent and stay home instead of doing other more expensive things". But if these guys are priced for continued growth (I think that they are at this point) then why would you expect them to do just as well coming out of a recession?