I will purchase Netflix inc. stock for SMG. According to data this stock has been doing well for quite some time. This stock is up .76 at the moment. Netflix closed today at 83.18 which is extraordinary because their 52 week high is just 83.97 just barely missing this peak. Their annual low is 36.25 which is a great gap between highs and lows but if they continue to sell at a volume of 1.74 mil a day for the price they are now Netflix will continue to prosper for quite some time. The Netflix net profit margin is now at 6.94%. Compared to their competitor blockbuster Netflix is skyrocketing. Netflix has a relative finance strength of 94 in the last 3 months while blockbuster has a strength of 3. The blockbuster sock is doing poorly they have a negative sale percentage of -7.7 in the last 5 years and a negative net profit of -528.7 mil. Not only are they barely capable of making profit but the price of their stocks have become so cheap due to their lack of success now selling at .29. In a news article titled independent for how long? on yahoo finance April Taylor says that now is a good time to be netflix who has soared through the recession with growing subscribers and profits of up to 31%. April goes on to say that this business should continue to expand and broaden their horizons with limited competition from blockbuster. I expect for Netflix to prosper and continue on its journey to becoming a great company. I am pleased to be investing in this company and i hope that my business partners will be pleased with my decisions.
Aleander Simpson
Aleander Simpson
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