Sunday, November 18, 2012

Netflix

Netflix has had an interesting move the last few weeks.  Some buyout rumors with possible suitors Amazon, Microsoft and Yahoo.  Carl Icahn recently bought stocks and options that amount to about 10% of the company.  Will Icahn force Netflix to sell to someone?  Maybe.  I think netflix should stay independent,  I don't see why they need any help.  In a few years once the international efforts become profitable they will get back to $1+ EPS per quarter.  I think the price of the stock will hit $90 by the end of the year.  The chart looks really good now.  If it falls below the 10 day simple moving average I would consider selling it.

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