>From the news --
>
>http://www.cnn.com/2011/10/10/tech/web/netflix-qwikster-reaction/index.html?hpt=hp_t1
>
>The news from Netflix continues to astound me. This is a company which literally revolutionized an industry. They seemed to do everything right and have a shrewd eye on the future. A perfect example was what founder and CEO Reed Hastings said all along, that they named the company Netflix, not DVDs In The Mail, for a reason. Now that they have driven a stake through the heart of the existing movie rental industry and are making that vision come true they seem to be making nothing but blunders.
>
>I really am baffled. Two part question --
>
>1. Do you agree they have lost their way?
>2. If yes, why?

Netflix is bankrupt and is throwing everything against the wall, praying that something sticks.
They have $1billion+ debt due within a year and have $175mil in assets(with expiration dates) & have cash flow of -$19mil YTD.

The only question is who goes broke first, NFLX or Portugal? (Greece is foregone so I chose the next likely)