If you get away from any of the spin, and with blinders on just look at the numbers, you can’t help but wonder whether Netflix is headed down the same road as Blackberry maker Research In Motion.
The company’s shares tumbled on concerns over its guidance and other metrics.
But for the most astonishing part of the story, and why this looks like what I like to call a “walking up the down escalator” business model, just check out the numbers below.
The first is of Netflix. The second is RIMM . The similarities are remarkable.
And there’s something else: The company no longer discloses churn, instead preferring to point investors to net subscriber growth.
But that doesn’t mean investors that dig might not find other reasons to worry. Among them, Tom Doyle, an independent analyst who has no current position in Netflix (but who lost money shorting it way too early.)
I value Tom’s insights, often deep background, on a variety of companies.
On Netflix , he says:Page 1 of 3 | Next Page