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NFLX Earnings.
- Thread starter CenFlo
- Start date
Good god, can the NFLX board put a muzzle on Reed Hastings already?
If raising prices while trying to roll out "Qwikster" weren't dumb enough, he decides to go on record making statements about the stock price of his own company?
The guy isn't dumb, he came up with a billion dollar idea, but I'm really feeling quite surprised by the lack of common sense from the man.
If raising prices while trying to roll out "Qwikster" weren't dumb enough, he decides to go on record making statements about the stock price of his own company?
The guy isn't dumb, he came up with a billion dollar idea, but I'm really feeling quite surprised by the lack of common sense from the man.
Quote from CenFlo:
Good god, can the NFLX board put a muzzle on Reed Hastings already?
If raising prices while trying to roll out "Qwikster" weren't dumb enough, he decides to go on record making statements about the stock price of his own company?
The guy isn't dumb, he came up with a billion dollar idea, but I'm really feeling quite surprised by the lack of common sense from the man.
What, are you one of the momentum investors he was talking about? Disappointed you didn't get enough upside from the earnings release?
Management teams comment on stock price all the time. Most of the time they say it is undervalued. It is refreshing that sometimes they will also take the other side.
Quote from doublet83:
What, are you one of the momentum investors he was talking about? Disappointed you didn't get enough upside from the earnings release?
Management teams comment on stock price all the time. Most of the time they say it is undervalued. It is refreshing that sometimes they will also take the other side.
I made plenty of upside from the earnings, thanks.
The guy just seems to be his own worst enemy and is great at shooting his own company in the proverbial foot, reload, shoot again.
I do feel the stock price is a reflection of the direction of the company, the press releases show they're doing things right and going in to the right market(s) with the right content.
Quote from CenFlo:
I made plenty of upside from the earnings, thanks.
The guy just seems to be his own worst enemy and is great at shooting his own company in the proverbial foot, reload, shoot again.
I do feel the stock price is a reflection of the direction of the company, the press releases show they're doing things right and going in to the right market(s) with the right content.
Clearly you are long and disappointed with his comments then. Him suggesting momentum investors have driven the stock price too high has nothing to do with the performance of the company and has no impact on the long term value of the company. He has been remarkably consistent (and bullish) on the long term prospects of the company, and sounded similar when the stock was at 60 as he does today.
I am both a long term investor and a short term trader, and I see nothing wrong with positioning for expected short term price movements. But when some trader like you purports to know whats better than an intelligent and successful CEO, who has done much to build a great company, that is just the height of arrogance.
Quote from doublet83:
Clearly you are long and disappointed with his comments then. Him suggesting momentum investors have driven the stock price too high has nothing to do with the performance of the company and has no impact on the long term value of the company. He has been remarkably consistent (and bullish) on the long term prospects of the company, and sounded similar when the stock was at 60 as he does today.
I am both a long term investor and a short term trader, and I see nothing wrong with positioning for expected short term price movements. But when some trader like you purports to know whats better than an intelligent and successful CEO, who has done much to build a great company, that is just the height of arrogance.
Qwikster? He damn near buried the company with that one.
Lost me as a sub a long time ago. Clearly a lot people forgave for forgot and signed back up, but the man still surprises me with some of his talk and actions.
Quote from CenFlo:
I hear a lot of people talking about the similarities between the NQ right now and the 1999-2000 .com bubble and subsequent market that played out after the burst.
I think there are some fundamental differences with the tech companies compared to back then, but I to agree that we've run up so high that after all the "good" earnings there's really one way direction for the market to go.
The feds also did not have a balance sheet back then like they have now.
Quote from CenFlo:
Qwikster? He damn near buried the company with that one.
Lost me as a sub a long time ago. Clearly a lot people forgave for forgot and signed back up, but the man still surprises me with some of his talk and actions.
In the year of the price increase and Qwikster fiasco, domestic segment operating profit declined a whopping 10%, while domestic subscribers grew 21%. Hardly what I would call "buried" the company. Lets not forget his achievements, including co-founding the company and successfully transitioning from a DVD rental model into a internet streaming model, a transformative change few businesses successfully achieve. Oh and the decision to focus on original content, something often lauded now.
Anyway, what you seem to really take offense to is that he made the comment that momentum investors are driving the stock up, despite the fact that such a statement is 1. true, and 2. represents a rare moment of honesty from corporate management.
This is why u don't buy breakouts without stops. I hope anyone getting long last night after the pop is not stubborn.