Seeking Alpha

Netflix (NFLX -7%) ended up giving back a meaningful chunk of its recent Icahn-fueled gains...

Netflix (NFLX -7%) ended up giving back a meaningful chunk of its recent Icahn-fueled gains today. One possible culprit is an Albert Fried note warning Netflix faces a "murder of ravens" (i.e. a bunch of small events that collectively have a big impact) in the form of new competition from Coinstar, TiVo, America Movil, Time Warner and Dish Network. Also, The Telegraph reported over the weekend Netflix, which has $5B in "known" content liabilities, plans to expand its original content investments.
Comments (1)
  • Joe Dirnfeld
    , contributor
    Comments (1128) | Send Message
     
    Netflix is my favorite service as a consumer, I will not switch to the competition, again this is pure junk.
    4 Dec 2012, 08:06 AM Reply Like
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