Succeed by Losing: Netflix Has "No Real Competition" (That's Easy When You Lose $2.5 Billion)

Mish Talk:

Supposedly Netflix had another good quarter. Why? It topped analysts' estimates. "Reported" profits doubled to $130 million. Actual losses will hit $2.5 billion. Who can compete with that?

Investing columnist Philip van Doorn has an interesting opinion article on MarketWatch: Netflix Shows it has No Real Competitors.

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