Apparently, Netflix has about 30 million paying subscribers in the U.S. (And another 7 million internationally). Accounting for about 35% of all downstream traffic during peak time within America.
12 months ago, they were worth $64.98 a share.
Today, they’re trading at an all time high of $348.03 accounting for a return of 497%.
Seeing as they’re currently in talks with several U.S. cable television providers to make the online video service available a sort of **app** set up on decoders, greatly expanding their horizon, it would be prime time to invest in them.
On the other hand, (and in large part why I wrote this) here is a table of their insider-trading activity since January.
There have been 1,205,453 shares sold and 0 shares purchased by insiders of Netflix this year, which is more scary than it is encouraging.
As much as I’m interested in buying into this particular quote, I’m...
Continue reading →