NetFlix (NFLX) Said It Has No Plans to Raise Prices on Disney (DIS) Deal
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Analyst Says Now is a Great Time for Netflix (NFLX) Investors...to Sell
December 5, 2012 12:30 PM ESTNetflix (Nasdaq: NFLX) is dipping today after announcing a new deal with Disney (NYSE: DIS) on Tuesday, which bolstered investor confidence and allowed shares to close 14 percent higher on Tuesday. One analyst, however, isn't convinced that Netflix should have moved that much higher, or higher at all, on the news.
Rich Tullo at Albert Fried & Co thinks that the bump higher is a great time to sell. He has several points:Netflix may be paying $400 million to $500 million annually to the rights;
The deal is... More
