I REAAAAALY wish I bought it at like $17 two years ago obviously.

But now:
- It's trading at a very high P/E.
- Their ENTIRE biz model rests on them signing good deals with media conglomerates
- All the media conglomerates fucking hate them
- They have absolutely no defense against GOOG, AMZN, AAPL, etc.

I just can't see them winning the streaming media industry. All they have is subscribers right now. I loved that they had 20M credit card numbers on file or whatever.

But so does AAPL
And so does AMZN
And so will GOOG

And all three of those companies have the capacity to starting serving 20M customers TOMORROW.

Can't buy in knowing that at ANY TIME any of those three companies could announce something that absolutely bodies NFLX overnight.

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http://twitter.com/irefox
http://twitter.com/hypnagogics
http://stackoverflow.com/users/43089/triptych
http://github.com/djtriptych

red