Analyst Netflix Will Go Bankrupt In A Year

Netflix's announcement on Monday that it had aborted plans to separate its streaming and DVDs-by-mail service halted the steep slide of its shares only briefly on Monday before they slid again near the close, despite a bullish day on the Nasdaq. They dropped again today (Tuesday), falling at midday to a 52-week low of $106.38, down nearly 5 percent from Monday's closing price. The influential investors' blog SeekingAlpha.com said today that Netflix's financial is so "dire" that it "could be bankrupt within a year." The company, it said, "is in real trouble. This company has much deeper problems than just a series of PR flubs. It is nowhere close to being able to pay back their debts due within 1 year, let alone the next $1.3 billion due between 1 and 3 years." On the other hand, Anders Bylund of TheMotleyFool.com wrote that Netflix's increases in subscription fees could boost its sales 12 percent. "This makes Netflix a solid buy in my book again," he said.

11/10/2011


Contactmusic

Editors Recommendations

Is The Cannes Palme d'Or Heading David Cronenberg’s Way for 'Map to the Stars'?

The Cannes Film festival is sneaking up fast. The Oscars felt like they were 8 minutes ago...

Is The Cannes Palme d'Or Heading David Cronenberg’s Way for 'Map to the Stars'?

CounterPoint Festival 2014 To Feature Hometown Return of Outkast

Next weekend's CounterPoint Festival will be the event's first year at a new 5000-acre site, featuring...

CounterPoint Festival 2014 To Feature Hometown Return of Outkast

'The Amazing Spider-Man 2' - Not Perfect, But Really, Really Fun

Superhero movies have been striving towards the almost unobtainable goal set...

'The Amazing Spider-Man 2' - Not Perfect, But Really, Really Fun

Ricky Gervais is "Hooked" on David Brent Again - Former Paper Merchant To Return

A return for David Brent has been mooted ever since the character was wheeled...

Ricky Gervais is

This Labor Day, Jay Z Is Bringing "Made In America" To Downtown Los Angeles

Jay Z and the Mayor of Los Angeles Eric Garcetti have announced that the rapper’s...

This Labor Day, Jay Z Is Bringing

Anna Wintour wants 'more exclusive' Met Ball 2014

The editor-in-chief of US VOGUE magazine is reportedly determined for the annual...

Anna Wintour - Anna Wintour wants 'more exclusive' Met Ball 2014

'Mrs Doubtfire' Sequel Will Be Made 21 Years After The Original

The comedy classic 'Mrs. Doubtfire' is reportedly set to return to the big-screen...

'Mrs Doubtfire' Sequel Will Be Made 21 Years After The Original

'Of Mice And Men' Brings Out Broadway Talents Of James Franco, Chris O'Dowd

Of Mice And Men premiered on Broadway last night, giving critics a chance to cast...

'Of Mice And Men' Brings Out Broadway Talents Of James Franco, Chris O'Dowd

Sofia Vergara On Her Menage a Trois in Woody Allen's 'Fading Gigolo'

Sofia Vergara has been speaking about her nerves at shooting a ménage a trois with...

Sofia Vergara On Her Menage a Trois in Woody Allen's 'Fading Gigolo'


More recommendations

Comments

Colee's picture

Colee

Netflix made several mistakes to cause not only their subscribers but also any potential subscribers to not trust Netflix as a company. Only last year they seemed to offer a great value to their customers, but recently they've stripped themselves of this. As an employee and subscriber of DISH Network I have access to the entire Blockbuster collection of 100,000 DVD movies, TV shows and games available by mail and in-store. I also get streaming of 3,000 movies to my TV and 4,000 movies to my PC, plus 20 premium entertainment movie channels with the Blockbuster Movie Pass. Many of Netflix’s current and ex-subscribers are already looking elsewhere for their entertainment needs, and the Blockbuster Movie Pass is one option that’s looking pretty good.
Import Source: 
comments.nsf
Import Date: 
1339104481

2 years 6 months ago
Report
View Comments

Newsletter

Subscribe to this news alert service to receive news and reviews on

Unsubscribe | Unsubscribe All