Dumping Netflix stock.

morriscroy · 10-24-2013, 10:05 PM

Heh.

Corporate raider Carl Ichan dumps 3 million shares of Netflix stock. About a 5% ownership in NFLX stock.

http://www.reuters.com/article/2013/...99L1MO20131022

NFLX has around 58.92 million shares outstanding on the public financial markets.

http://finance.yahoo.com/q/ks?s=NFLX

Wonder if Ichan has any more intentions to get under Reed Hasting's skin.

**bruceames** · 10-24-2013, 10:15 PM

Netflix seems to be exceeding everyone's expectations. Especially in terms of stocks. I would have cashed in too. Going forward their future doesn't look so bad, given the brand name and the fact that the logo is on the buttons of millions of remotes. It's a big advantage, having an advertising button on everyone's remote.

morriscroy · 10-24-2013, 10:18 PM

What would be amusing hypothetically is if one (or more) cable companies throw in the towel, and start offering Netflix service through their cable systems.

morriscroy · 10-24-2013, 10:47 PM

Quote:

Originally Posted by morriscroy

What would be amusing hypothetically is if one (or more) cable companies throw in the towel, and start offering Netflix service through their cable systems.

Hmmm ....

This is already happening in Europe.

http://business.time.com/2013/10/01/...our-cable-box/

Also slowly making a possible deal with Comcast.

http://www.reuters.com/article/2013/...0IB27H20131022

morriscroy · 10-24-2013, 10:53 PM

I suspect for existing cable companies, the question is how much it would cost for them to individually create their own Netflix-style SVOD service from scratch, in comparison to how much it would cost to simply license Netflix's service.

(This is assuming several cable companies are not colluding against Netflix).

dsskid · 10-25-2013, 10:16 AM

The problem is, a lot of cable carriers are already providing free on-demand content to their subscribers. I get HBO, SHO, Max on-demands, etc, free because I subscribe to the channel.

timelordbk · 12-10-2013, 12:13 PM

Don't you think Netflix' stock will increase since blockbuster is out-of-business?

HD Goofnut · 12-10-2013, 04:00 PM

Quote:

Originally Posted by timelordbk

Don't you think Netflix' stock will increase since blockbuster is out-of-business?

You can bet Redbox's will.

morriscroy · 12-11-2013, 01:20 AM

Hmmm ....

http://variety.com/2013/digital/news...eo-1200936778/

Quote:

Rob Marcus, incoming CEO of Time Warner Cable, said the cable company is “open” to offering Netflix on its set-top boxes

Lee Stewart · 12-11-2013, 12:51 PM

Quote:

Originally Posted by timelordbk

Don't you think Netflix' stock will increase since blockbuster is out-of-business?

Not really. Netflix's disc-by-mail program continues to lose market share. It's been that way for a number of years.

Super XP · 12-13-2013, 08:30 PM

What Netflix needs is some stiff competition, and at this point, they do not have it.

RBTO · 02-25-2014, 05:40 PM

Quote:

Originally Posted by HD Goofnut

You can bet Redbox's will.

Amen to that. I was a loyal Netflix disk subscriber because of the quality BDs provide. Just before Christmas, Netflix closed their local distribution center (only one in our state), and moved its operations to Salt Lake City. Disk turnaround times have gone from 3 days to a week. In calling they gave me a free month but wouldn't acknowledge a problem in closing the local center. I know Netflix would rather shed its disk business, but moves like this will undoubtedly shed customers as well. I know I'm going to familiarize myself with my local Redbox and dump Netflix if this issue isn't addressed. As for streaming, I don't like the quality it provides (particularly for major movie features), nor the sound quality. I'm sure RedBox will be more than happy to pick up Netflix's business which might be the reason profits have soured for Netflix relative to disks!

HD Goofnut · 03-01-2014, 10:25 AM

Quote:

Originally Posted by RBTO

Amen to that. I was a loyal Netflix disk subscriber because of the quality BDs provide. Just before Christmas, Netflix closed their local distribution center (only one in our state), and moved its operations to Salt Lake City. Disk turnaround times have gone from 3 days to a week. In calling they gave me a free month but wouldn't acknowledge a problem in closing the local center. I know Netflix would rather shed its disk business, but moves like this will undoubtedly shed customers as well. I know I'm going to familiarize myself with my local Redbox and dump Netflix if this issue isn't addressed. As for streaming, I don't like the quality it provides (particularly for major movie features), nor the sound quality. I'm sure RedBox will be more than happy to pick up Netflix's business which might be the reason profits have soured for Netflix relative to disks!

I'd drop Netflix if that were my situation for sure. I have distribution center that is about 10 miles away from me. That means 1 day to get there and 1 to get back. If that ever changes I will more than likely look somewhere else to rent BDs.

morriscroy · 03-01-2014, 12:09 PM

You still rent blurays/dvds?

I can't remember the last time I rented out movies. It must have been around 20 years ago back in the early 1990's, when I last rented out a movie (on vhs or laserdisc at the time). Offhand, I don't remember ever renting out a dvd. (Though the ex-wife may have rented out some stuff over a decade ago).

morriscroy · 03-01-2014, 12:17 PM

During the mid-1990's, I ended up buying the VHS tape of a movie if it was something that I watched often enough.

At one point I picked up the original Star Wars trilogy, after finding them in the "used bins" at a local video rental store for something like $5 or $7 a pop. A few other movies like Goldeneye, They Live, Fast Times at Ridgemont High, The Dead Pool, Scarface, Blade Runner, and The Wild Life, some of which I watched many times over and over in those days. (Though mostly the original Star Wars trilogy and Blade Runner).

10-24-2013, 10:05 PM	#1
morriscroy High Definition is the definition of life. Thread Starter Join Date: Jun 2012 Posts: 1,448	Dumping Netflix stock. Heh. Corporate raider Carl Ichan dumps 3 million shares of Netflix stock. About a 5% ownership in NFLX stock. http://www.reuters.com/article/2013/...99L1MO20131022 NFLX has around 58.92 million shares outstanding on the public financial markets. http://finance.yahoo.com/q/ks?s=NFLX Wonder if Ichan has any more intentions to get under Reed Hasting's skin.

03-01-2014, 12:17 PM	#15
morriscroy High Definition is the definition of life. Thread Starter Join Date: Jun 2012 Posts: 1,448	During the mid-1990's, I ended up buying the VHS tape of a movie if it was something that I watched often enough. At one point I picked up the original Star Wars trilogy, after finding them in the "used bins" at a local video rental store for something like $5 or $7 a pop. A few other movies like Goldeneye, They Live, Fast Times at Ridgemont High, The Dead Pool, Scarface, Blade Runner, and The Wild Life, some of which I watched many times over and over in those days. (Though mostly the original Star Wars trilogy and Blade Runner). Last edited by morriscroy; 03-01-2014 at 12:35 PM..

10-24-2013, 10:15 PM	#2
bruceames Super Moderator Join Date: May 2006 Location: Novato, CA Posts: 17,126	Netflix seems to be exceeding everyone's expectations. Especially in terms of stocks. I would have cashed in too. Going forward their future doesn't look so bad, given the brand name and the fact that the logo is on the buttons of millions of remotes. It's a big advantage, having an advertising button on everyone's remote.

10-24-2013, 10:18 PM	#3
morriscroy High Definition is the definition of life. Thread Starter Join Date: Jun 2012 Posts: 1,448	What would be amusing hypothetically is if one (or more) cable companies throw in the towel, and start offering Netflix service through their cable systems.

10-24-2013, 10:53 PM	#5
morriscroy High Definition is the definition of life. Thread Starter Join Date: Jun 2012 Posts: 1,448	I suspect for existing cable companies, the question is how much it would cost for them to individually create their own Netflix-style SVOD service from scratch, in comparison to how much it would cost to simply license Netflix's service. (This is assuming several cable companies are not colluding against Netflix).

10-25-2013, 10:16 AM	#6
dsskid ISF Calibrator Join Date: Mar 2005 Location: Long Island, NY Posts: 5,047	The problem is, a lot of cable carriers are already providing free on-demand content to their subscribers. I get HBO, SHO, Max on-demands, etc, free because I subscribe to the channel.

12-10-2013, 12:13 PM	#7
timelordbk How can anyone watch standard def? Join Date: Dec 2013 Posts: 25	Don't you think Netflix' stock will increase since blockbuster is out-of-business?

12-13-2013, 08:30 PM	#11
Super XP Tom Baker (1974-1981) Join Date: Aug 2007 Location: Toronto, ON. Canada Posts: 5,988	What Netflix needs is some stiff competition, and at this point, they do not have it.

03-01-2014, 12:09 PM	#14
morriscroy High Definition is the definition of life. Thread Starter Join Date: Jun 2012 Posts: 1,448	You still rent blurays/dvds? I can't remember the last time I rented out movies. It must have been around 20 years ago back in the early 1990's, when I last rented out a movie (on vhs or laserdisc at the time). Offhand, I don't remember ever renting out a dvd. (Though the ex-wife may have rented out some stuff over a decade ago).