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Old 04-24-2008, 02:15 PM   #1
benk777 benk777 is offline
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Jan 2007
Default NetFlix stock purchases?
I'm sure that many of you know that on Monday and Tuesday Netflix stock (NFLX) dropped around 24% to end at 30. This is due to anticipated slowing growth for the remainder of the year, as well as rising costs, somewhat associated with blu ray discs.

I was wondering if anyone else found this a good opportunity to buy? I myself jumped in for 200 shares, as I believe in the service and feel that with the format war over, blu ray rental will be a profitable business. I know that Netflix is planning on charging a small premium for members that rent blu, but I don't think that will have a negative impact.

Thoughts?

Ben


Note: NFLX @ 31.95 as of 9:15 CST.
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