THB #238: Netflix Q3 Analysis (pre-call)

Man, are those Wall Street types jonzing for Netflix to become the ubermensch that they once decided to make it!

I have taken a much greater interest in Wall Street over recent years. For most of my career as a journalist, The Street just hasn’t been that interested in the film/television industry. Just not seen as a growth industry in the exciting way they see the tech industry. Netflix changed this. And with the success of its growth, the market raised its stock price to the nosebleed level and then way beyond.

One of the stupid things about Wall St is that it is so much about what analysts say and the idea of “beating” projected estimates. As my father used to observe of my mother, one can save so much money buying things at sale prices that you could go save yourself into bankruptcy.

As of this writing, Netflix has been up 15% in after-hours trading based on… a very mixed quarterly report. (Dare I say, as expected?) As I post this at 2:45pm pacific , the number is up 14.39%/$34.65.

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