Don’t spend TOO much time creating an extensive Netflix queue…you MAY not make it through the whole thing!
Yesterday, we reported that Netflix stock prices hit a 52-week low EVEN THOUGH the company admitted they wrong and announced that they wouldn’t split into two separate entities for DVDs-by-mail and streaming service.
Now, investors’ blog SeekingAlpha.com is saying that they believe Netflix could be bankrupt WITHIN A YEAR!:
“[Netflix] is in real trouble. This company has much deeper problems than just a series of PR flubs. It is nowhere close to being able to pay back their debts due within 1 year, let alone the next $1.3 billion due between 1 and 3 years.”
That’s what you get for doing wrong by your customers! And now that companies like Blockbuster, Amazon, Redbox, and Hulu are stepping in, it’s going to become increasingly hard for Netflix to recover.
MAYBE if they lowered their prices once again, they’d have a chance for survival. Maybe.
What do U think? Will Netflix become Nonexistentflix in a year???