Quote:
Originally Posted by GatorB
800,000 out of 24 million. That's 3%. Also most were on the DVD side. And most of those were 1 DVD at a time people which is a money loser for Netflix. Trust me Netflix makes MUCH more money form the people paying $8 for streaming that they do from the people that pay $8 for DVDs. Netflix is trying to move away from DVDs. They called themselves NETflix not MAILflix. And if those 800,000 retards think they'll be geting a better deal somewhere else they are in for a shock. Redbox charges $1 per DVD. Blockbuster cheapest DVD plan is $10 a month. No streaming option included.
Also funny how they lost 800,00 customers yet.....
Earnings rose to $62 million, or $1.16 per share, compared to $38 million, or $0.70 per share, in last year's third quarter.
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with that being said, would you say that stock is under valued now? or is it going to stay where it is? after the hype dies.