|Tuesday, October 25th, 2011||SUGGEST NEWS|
Posted by: Nebuchadnezzar on October 25th, 2011 @ 10:58AM
Analyst: Netflix Will Go Bankrupt In A Year
Netflix’s announcement on Monday that it had aborted plans to separate its streaming and DVDs-by-mail service halted the steep slide of its shares only briefly on Monday before they slid again near the close, despite a bullish day on the Nasdaq. They dropped again today (Tuesday), closing at a 52-week low of $108.66, down nearly 3 percent from Monday’s closing price. The influential investors’ blog SeekingAlpha.com said today that Netflix’s financial is so “dire” that it “could be bankrupt within a year.” The company, it said, “is in real trouble. This company has much deeper problems than just a series of PR flubs. It is nowhere close to being able to pay back their debts due within 1 year, let alone the next $1.3 billion due between 1 and 3 years.” On the other hand, Anders Bylund of TheMotleyFool.com wrote that Netflix’s increases in subscription fees could boost its sales 12 percent. “This makes Netflix a solid buy in my book again,” he said. »
Their prices are about to go up. Don't forget to update or cancel your plans. I demoted mine to send a message.
They raise the price by $5 per month. I think I'll show them what I think of their new prices by canceling to make up the difference. hah!
Your current $17.99 a month membership for unlimited streaming and unlimited DVDs (including Blu-ray access) will be split into 2 distinct plans:
Plan 1: Unlimited Streaming (no DVDs) for $7.99 a month
Plan 2: Unlimited DVDs (including Blu-ray), 2 out at-a-time (no streaming)
for $14.99 a month
Your price for getting both of these plans will be $22.98 a month ($7.99 + $14.99). You don't need to do anything to continue your memberships for both unlimited streaming and unlimited DVDs.