INTERACT FORUM
More => Music, Movies, Politics, and Other Cheap Thrills => Topic started by: KingSparta on October 11, 2011, 08:45:16 pm
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5 Reasons Why Qwikster Is Now Deadster
http://www.theatlantic.com/business/archive/2011/10/5-reasons-why-qwikster-is-now-deadster/246465/
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I assumed they had a merger or a new streaming content deal that was driving the Qwikster move, but I guess not.
I was wondering, if they announced a stock buyback now, would it be legal? I mean, can you do silly things to damage your valuation and then buy your own stock back at the new lower price?
Of course, they're still valued at about $240 / subscriber. That may be plenty high considering the margins.