Netflix is going down

Back in the middle of the summer, the stock price peaked at $423.21, and as I write this article it is currently at $269.70.  At this point, Netflix is bleeding cash at a rate that is staggering.  It has been projected that Netflix’s free cash flow will be negative 2.79 billion dollars in 2018, which will be the worst year that it has ever experienced.

Looking forward, Netflix will be steadily losing key content and subscribers to competitors, and it is inevitable that their borrowing costs will go up quite a bit. Without sufficient revenue to service their exploding debt, it is only a matter of time before Netflix flames out and is forced to surrender. Netflix shares are still worth $269.70 at the moment, but that won’t last for long.  Eventually the company is going to zero, and no amount of irrational optimism will stop that from happening.

http://theeconomiccollapseblog.com/archives/the-rise-and-fall-of-netflix-here-are-5-reasons-why-netflix-stock-is-crashing-as-the-company-heads-for-oblivion