Blockbuster Closing 282 Stores; Netflix Cuts Price of 2-DVD Plan [View article]
Well, someone's already making a lot of money off this: <blockquote> <b>Blockbuster, Netflix Duel for Customers; Short Sellers Profit</b>
...About a third of Blockbuster's float, or shares available for trading, was borrowed and sold to profit from falling prices. Traders sold short 20 percent of Netflix...
``You're not going to have a winner and a loser -- you're going to have two subpar performers,'' said Alan Lancz, who helps manage about $100 million as president of Alan B. Lancz & Associates in Toledo, Ohio. Lancz has had a short position in Netflix since April 2006. ``It's harder and harder to maintain a customer base, let alone grow it at a reasonable level. I don't see that changing soon.''... </blockquote>
Netflix Slides Ahead Of Earnings Report Monday After Cutting Subscription Prices [View article]
Don't you love the sell side analysts? They're always so timely: <blockquote> <b>Jefferies & Co downgrades Netflix (Nasdaq: NFLX) from Buy to Hold. Price target lowered from $26 to $16. </b>
Jefferies analyst, Youssef H. Squali, says, "We are downgrading NFLX to Hold following the company's "quiet" announcement last night of a price cut for two of its most popular online DVD rental plans by $1. This implies to us that management's FY07 guidance and Street estimates are likely too high. </blockquote>
Blockbuster Closing 282 Stores; Netflix Cuts Price of 2-DVD Plan [View article]
<blockquote>
<b>Blockbuster, Netflix Duel for Customers; Short Sellers Profit</b>
...About a third of Blockbuster's float, or shares available for trading, was borrowed and sold to profit from falling prices. Traders sold short 20 percent of Netflix...
``You're not going to have a winner and a loser -- you're going to have two subpar performers,'' said Alan Lancz, who helps manage about $100 million as president of Alan B. Lancz & Associates in Toledo, Ohio. Lancz has had a short position in Netflix since April 2006. ``It's harder and harder to maintain a customer base, let alone grow it at a reasonable level. I don't see that changing soon.''...
</blockquote>
Source:
www.bloomberg.com/apps...;sid=arKUh3RuTKvM
Netflix Slides Ahead Of Earnings Report Monday After Cutting Subscription Prices [View article]
<blockquote>
<b>Jefferies & Co downgrades Netflix (Nasdaq: NFLX) from Buy to Hold. Price target lowered from $26 to $16.
</b>
Jefferies analyst, Youssef H. Squali, says, "We are downgrading NFLX to Hold following the company's "quiet" announcement last night of a price cut for two of its most popular online DVD rental plans by $1. This implies to us that management's FY07 guidance and Street estimates are likely too high.
</blockquote>
Source:
www.streetinsider.com/...;+Co+Downgrades+Netfli...