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Stock Spotlight: NetFlix (NFLX)

22 Jun

Stetphanie Wanamaker’s Netflix Queue

 

Founded by Reed Hastings in 1997 the elegant DVD rental and video streaming service went public in 2002.  Its services have caused its competitors to either go out of business or develop new business models.  The stock soared to $299.00 a share in early July 2011 and then drastically plummeted to only $$62.00 a share last November 2011 as customers retaliated against the new higher priced subscriptions.  Despite this debacle NetFlix is poised for a long-term performance.  Its focus has moved towards international subscriptions.  The long-term expectation of NetFlix is that it is expected to recover.  It is currently being traded at $69.83 as of June19th, 2012.

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Posted by on June 22, 2012 in Featured

 

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