Especially since Netflix just lost another mass of subscribers as they ‘accidentally’ locked out every Windows Media Center customer for 4 days, blaming it on Microsoft. That's ok, for those customers that didn't leave, they gave them a special rate for adding on DVD subscriptions - BluRay subscriptions for a month for free, following months less than half off the prevailing rate.
Oh, right, Netflix is poised for a gain...of debt.
I made that logical mistake years ago. One of my only 2 recs about which I was wrong in my 17 years in the business was shorting Amazon.
I seriously doubted Bezos and could not get past the lack of barriers to entry on the prosaic business model of selling crap on the Internet. As it turned out, the critical mass they had and the manner in which they operate and facilitate transactions (like ebay) kept loyalty and growth for many years. They executed well.
The funny thing was that I closed out my short position (Put options) with a 30% gain in the short term and never re-engaged. So I got lucky.
I believe Netflix will continue to make the right deals (as with Disney) and continue to grow, defying the doubters. We shall see.