Quote:
Originally Posted by Mad Max
You are full of quotes about economics, but the reality is 151 million customers, i'm sure the big business guys know a wee bit more than you do about how to run their business!
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I’m sure the guys at Enron knew more than me too.
151 million customers is a lot, but they’re low value, highly price elastic customers. It’s a low cost add on for many. As Old Boy is always keen to point out many big players are about to enter this space and Netflix capability to withstand this is entirely untested.
With $20bn of debt, or about three years of revenue alone, I’d not be hugely enthusiastic at the minute and the recent dip in their share price reflects lower confidence among investors.