Netflix: Quarterly Results Highlight Further Stabilization And A Promising Future
By Helix Investment Management:
No company is as controversial on Seeking Alpha, or perhaps the broader investing world as Netflix (NFLX). Netflix receives passionate support from bulls, and equally passionate criticism from the bears. Over the past year, both camps have had something to offer.
Since last year, Netflix has lost close to half its value, due to a variety of operational and financial missteps. Netflix angered many users and investors with its price increase in the summer and its aborted plan to split Netflix in two. These missteps were a cause of much celebration to the shorts, who gleefully claimed that the end was near for Netflix. But, so far in 2012, Netflix is one of the best performing stocks in the market, advancing over 37%. To investors bullish on Netflix, such as us (who bought the stock in the $60′s), this rally has been a source of some great profits.
While it
