Kind of an obscure story that Davis Freeberg pointed out this morning, but in this morning’s DJ Market talk on the Dow Jones News Wire there is a story about Netflix and some quotes coming from Roth Capital.
“Netflix has several catalysts that may drive the stock, but management’s long-term forecasts are “overly optimistic,” Roth Capital says, which maintains sell rating. NFLX’s market position has improved since Blockbuster raised its prices, and the announcement of an independent download-and-burn service may boost the stock. However, “we believe the stock is priced for no change in the status quo, which is unlikely.” Also, Roth thinks NFLX is posturing for a sale of the company.”
Perhaps this has been out there before but this is the first mention I’ve seen of a download and burn service for Netflix.