Netflix Surge: Is Now a Good Time to Buy?
Steve Patterson submits:
The king of home DVD delivery and streaming video to almost every entertainment device available has rallied in recent weeks, reaching a 52 week high just yesterday. Running from $49.13 a share to $66.65 a share yesterday, earnings and the stock’s price to earnings both look decent at this time.
The recent news that Warner Brother’s movies will not be available through Netflix (NFLX) or kiosk chain Redbox for 28 days after a DVD’s release has not affected the stock price in recent weeks. The two distributors will wait on making new releases available to improve the studio’s profits on sold movie DVDs. They also agreed to destroy the DVDs after they are no longer widely rented instead of selling them to the public.
Investing, Long Term Investment, stock market | admin February 23, 2010
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