TV and entertainment as a whole has evolved through massive changes. Online provisions are becoming more prevalent and more broad in their offerings. While I have never become a fan of certain genra, shows of nature are a real favorite. Certainly for just-in-time news the internet is second to none. As it is for BID-Online Classic Car Auctions, another absolute favorite. And for archived TV shows. equally as valuable.
So I still have cable TV, the question has become why? There are very slim pickings in terms of the entertainment that I have come to choose. A quadzillion channels, and all the content is crap. I keep asking my provider for individual choices, but the bundle route is still the way to go. Unless spending considerable more on a channel by channel basis makes sense to you. Its just not that important to me.
So then comes NetFlix. As a stock, it has been a fabulous performer. In eighteen months, the stock price has gone from $40 to just north of $275 on June 6th. A 575% gain. The past week has been a rough slide, down to a close today of $249.30, a fall of approaching 10%.
Fundamentally though, the business is sound and likely has very strong prospects for future growth. What bugs me is it is not available in Canada as yet in its full form - something about limited program availability. As a trade, it still has the potential to fall further. As an offering to other geographies, I hope they get their act together quickly. Because, finally I would be getting the kind of 'choice' that I think I would enjoy.
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| NFLX Weekly Chart |
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| NFLX Daily Chart |


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