Netflix, Inc. (NFLX)
I recently took a look at Netflix, stock symbol nflx and think that it is at a good discount to put some money into it right now. One thing that troubled me with Netflix’s quarter financials is that it had a sudden 250+ million investment in it. Its rival Blockbuster was recently upgraded by advisors who recommend the stock after the company introduce rental rates that undercut Netflix’s 3 movies out at a time by One whole dollar. The fact remains that Blockbuster is losing massive amounts of money and does not have the leading brand name in online rentals to begin with. They have been playing catch up for the last 3 years to Netflix and are still losing money. My bet is with Netflix. Short BBI and buy some NFLX – buy some leap year options. I’m estimating returns of 20+% here with NFLX. Seen it a hundred times already.
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