Ouch! Amazon and Netflix bubbles burst
- We only use Netflix for streaming, as my husband and I enjoy finding non-mainstream movies to watch. If we want something like a big box office movie, we rent it from a local video store or we've probably already seen it in theaters. We have HBO so we watch a lot of movies from there and the on demand movies offered by TWC. No need for Netflix DVDs, honestly.10-26-11 08:32 PMLike 0
- Yes it is. When companies make stupid moves they lose business or go out of business altogether. Now the market is not "The Stock Market"; that is a speculative place where people are making bets on the future. The stock market is nuts.
Posted from my CrackBerry at wapforums.crackberry.com10-26-11 09:08 PMLike 0 -
All stock prices are driven, in the long run, on perceived future earnings.... A company selling at 100x earnings is simply believed by the market in general to be one that will make a cr*pload of money in the future (regardless of what it is doing today)... a company like rim (3.81 p/e) is basically being judged as much, much less likely to increase in revenue as the company trading at 100.
The market average, historically, is 12-16.... so the market is also saying that rim is much less likely to outperform in the future than the average company at large.10-26-11 10:10 PMLike 0
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Ouch! Amazon and Netflix bubbles burst
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