Netflix (NFLX) Surges Again on Deal to Serve Latin America and Caribbean

One had a rare chance to get onto the Netflix (NFLX) train during the mid month swoon in June, but as a leadership stock – once the market turned, Netflix gallops.  This morning’s news about a 43 country expansion has the shorts on fire again in this name – as an infamous commentator on financial infotainment TV likes to say “It’s been a house of pain”.

  • Netflix Inc is expanding its online video service to 43 countries in Latin America and the Caribbean.  This is Netflix’s second foray outside the United States. It began offering its services in Canada last year.
  • Netflix said on Tuesday that subscribers in Mexico, Central America, South America and the Caribbean will be able to access shows and movies in Spanish, Portuguese or English later this year.
  • Netflix has more than 23 million subscribers. By contrast, Comcast, the No. 1 U.S. cable operator, has 22.8 million subscribers as of March 31.

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About Mark Hanna 543 Articles

Affiliation: Hanna Capital, LLC

Mark Hanna is President and Owner of Hanna Capital, LLC, a registered investment advisory firm. Mark has been a follower of markets since the late 80s, with a focus on individual equities since the mid 90s. He has been a well known commentator in the financial blogosphere for the past 5 years, following a career in corpoporate finance and accounting. Mark attended the University of Michigan where he graduated with a degree in Economics.

As an avid reader, Market Montage is the personal blogging site for Mark to share his views on economics, markets, and the like. Occasional cynicism and wit shall be deployed in his postings.

Follow Mark on Twitter @fundmyfund.

Visit: Market Montage

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