It's somewhat alarming to see the majority of financial writers not only parrot the talking points of Netflix (NASDAQ:NFLX)
leadership, but to uncritically point to the one single element the
majority of investors in the company are basing decisions on, without
balancing it with a healthy dose of skepticism in light of a number of
weak data pointing to things that should concern those interested in
investing money in the company.
The basic premise is Netflix will
continue to grow its international subscription base, and the reason it
did so poorly with earnings is because of currency issues. While there
is truth to that assertion, the way it is being packaged, it appears as
thought if it weren't for that, the company would have exceeded
expectations.
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