Netflix: Another Day, Another Business Model

(catastrophegirl)

(matneym)

By Rocco Pendola:Over the last 24 hours, I have been poring over data from Netflix's (NFLX) Q2 financial statements, the company's Is it live or is it Memorex conference

Whether you want some streaming video options to help cut the cord or to beef up your entertainment options, two giants step right to the front – Netflix and Amazon Instant.

By Rocco Pendola:Of all of the shocking things Reed Hastings has done at Netflix (NFLX), I'm most astonished that he has never offered me work as a consultant. Throughout 2011, I have not only appeared to have a better handle on his company's business than he does, but I've predicted several things, namely lowered guidance, EPS losses and fundraising efforts, before they happened.

By Rocco Pendola:In a Seeking Alpha article from July, I asked "Did Netflix CEO Reed Hastings Make the Biggest Mistake of His Career?" I posed this query, of course, because in Netflix's (NFLX)

Rocco Pendola submits:Just because I am bearish on Netflix's (NFLX) long-term prospects does not mean I think CEO Reed Hastings is dumb. While I would never call most CEO's dumb, even if they deserved it, I would never even euphemistically imply that somebody like Hastings is less than smart.

Rocco Pendola submits:You never know who is going to read what you write, so think before you speak. And don't say it or print it unless you're okay with it being broadcast all over the world. Those two pieces of advice apply to just about everything, including writing about stocks.That said, before I submit an article for publication, I ask myself some basic questions. If I am referring to a person, how would I feel if they wrote what I wrote about them about me?