Subscription video service Netflix (Nasdaq:NFLX)
posted good results relative to Wall Street expectations, but once
again it's the company's view of the future that matters more than the
trailing results. To that end, there's likely to be at least some
negative fussing tied to a view of third quarter subscription growth
that was a few percentage points below the average expectation. While I
like the business that Netflix has, and I believe management has wisely
carved out some points of distinction from the competition, it's tough
to see how these shares are cheap.
Please follow this link to read more:
http://www.investopedia.com/stock-analysis/072313/netflix-results-are-always-about-tomorrow-nflx-amzn-aapl-goog.aspx
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