Posted on 10/17/2014 12:44:10 PM PDT by Citizen Zed
When asked if he had a price target on Netflix’s shares, he said: “My target is to never sell it.”
Cuban told CNBC it would be “almost a no-brainer” for a major technology company to buy Netflix, given the company’s cheap stock price and strong content. He cited Apple Inc , Google Inc, Facebook Inc and Verizon Communications Inc as examples of potential buyers.
The shares of Los Gatos, California-based Netflix were down around 3.3% at US$349.52 in afternoon trading on the Nasdaq. The shares traded earlier as low as US$341.50, down 5.6%, after Goldman Sachs slashed its price target on the stock to US$450 from US$550, citing slower-than-expected new subscriber growth in the third quarter.
The company’s shares plunged 25% to US$333.53 in after-hours trading Wednesday after the company reported it had signed up fewer video streaming subscribers than forecast for the third quarter.
(Excerpt) Read more at business.financialpost.com ...
As a long time Netflix user I can attest to a decline of late. I have experienced long waits for an increasing number of selections, delays in shipping, or so it seems. In their defense, they have been a very good service over the long haul.
I have Netflix online only. Very few good movies that I’d watch. The price went up $1 after I signed up but I keep my price for a year. I’ll cancel when it goes up.
Mark Cuban? Yuck! No wonder the service is declining. Put a leftist in charge and everything goes to crap.
I just use the streaming and hardly a day goes by that I’m not watching something. Really love it. I used to use the DVD option but with the advent of streaming everywhere I no longer use a DVD player.
I believe the long term thinkers see the problem for Netflix is that although it moved faster than many into streaming video via the Internet, the media bigs are now investing in that venue and their pockets are a lot deeper than Netflix. Recently CBS and HBO have announced their own Internet streaming video plans for some of their TV offerings. I’m sure they are not the only ones making such plans, announced yet or not.
That doesn’t even make any sense. He has no influence on the service yet. Also one’s political leanings don’t have a whole lot to do with how they run a business. Many on the Left and right who do great. Many on the Left and Right that couldn’t run a lemonade stand.
When you invest, you want someone who knows how to run a business. I don’t care what Political gods they worship. Steve Jobs made me a ton of money and I could give two hoots what his politics were.
We can’t download fast enough for a decent result hence our desire for the disks. My portion of the market may be being squeezed out. So it goes.
The writing is on the wall for DVD delivery. I’d bet that it’s dead in under 2 years.
Well, pardon the hell out of me.
JC Penney
> The company’s shares plunged 25% to US$333.53 in after-hours trading Wednesday after the company reported it had signed up fewer video streaming subscribers than forecast for the third quarter.
The company sidestepped the controv over their seeming abandonment of their old distribution model, and has thrived since. But the fluctuations are not like those of, say, amusement parks, which in the frozen north are seasonal and predictable. Streaming vid is on phones, tablets, TVs, disk players, and of course laptop and desktop computers. And that doesn’t even consider the massive amount of free content.
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