Man Crush

For anyone looking to be a CEO someday, please listen to the NFLX call this quarter. This was a bad quarter I guess, if you look at the stock price, but I came away still wanting to make out with Reed Hastings. This guy is unquestionably a genius. He makes internet rental seem like a damn gold rush.

These are not direct quotes but general ideas:

• Internet video has major hurdles: the internet is not connected to the TV being a major one, download speeds, content contracts etc.
• Blockbuster has gotten internet religion, yet still has to implement the switch from real estate to internet. (I still believe they are f'ed)
• Highest growth ever this quarter came at the expense of Subscriber acquisition Costs.
• Low cost subscribers still lower revs higher gross margin. A success.

In the last 18 months NFLX has doubled volume. I am very interested to see where this will trade long term. I think it is becoming attractive again, but I am definitely a bull.