Tuesday, 24 July 2012

US Stock Tip: Netflix (NFLX) white knight story?

I like white knight stories. This is one in the pipeline... A turnaround for Netflix (NFLX)?

Netflix (NFLX) is a company that was Wallstreet darling 3 years ago, rising from $70 to $300 in 2 years before it collapsed to $60 in 6 months. 
Now it hovers around $80. A white knight story is needed for this company to turnaround. Bear in mind that this stock still monopolise its industry: DVD rental and subscription services


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