Analyst Netflix Will Go Bankrupt In A Year

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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


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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.
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