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It was in the mail if postal rates go up Netflix costs will rise sharply bought back could force -- very beneficial change for the company in the long run.
Clayton Morris is our resident tech geek.
-- vote guru he joins us now.
Clayton if this company Netflix right.
I mean they got to move away from the postal so this happened that they already are.
I think this idea that they're being forced their hand is being -- a bit of a misnomer is the reason they didn't I think this one and was -- companies the last ten years.
Really what the reasons they didn't call themselves dvds by mail.
-- because they call themselves Netflix and so -- content is already available on line they don't want to be in this business they publicly said they don't want to be in this mail back these dvds business anymore.
They're already moving to the number different platforms and able to watch Netflix content.
Anywhere we want okay.
You stream -- stuff that I OK I -- I do have an account with Netflix and I stream stuff -- -- my computer on my iPad or whatever -- you go to netflix.com.
And you sign up for the cheapest account.
They give you one -- a month which is mailed to your house I think they have to do that for some reason I can't stand and -- had this disk at my house and I knew we were talking about the -- for about a month and a half.
-- I and I just don't even care about it.
And then once you sign -- you create an instant queue you can and stream all this kind of content you want right through your television for instance are brought in the roku box today that this is a box you just connect write your television.
The -- -- Netflix -- You can watch all kinds of Netflix content right there and utility at -- computer that's connected to my TV set to my computer right and I -- -- your computer just connected your home Wi-Fi networks you can stream movies right there instantly let's -- have a hankering to watch -- -- -- big fan.
-- -- -- -- -- -- -- And actually you know what I'm I'm in the mood for you go right there you find that you have to wait a day or two for the disk to arrive in the -- -- do what pay the same price for a streamed movie as a disk in the mail laughs and the costs are less so they're able to charge nine bucks a month for all -- streaming content surely a company like this has competition business.
Well that you think they would write the blockbuster tried and failed mean they had all of these retail boutiques.
I walked by a blockbuster you know first wireless products prices there's even still blockbuster store if they're bankrupt there's no one even in the store and how these dvds -- that but is it possible.
I know you know the financial -- you that you're technical god I got it.
Now Netflix talk.
Has gone straight up it is it is by the best performing stock I'm looking for a long time wanted what you want it is now has a six point three billion dollar market -- story.
And it also.
One of the most heavily shorted stocks because everybody thinks basically that that the companies have a very very alone included over the -- another.
Apple -- you -- raises another apple another Google could get that big because it can stream -- com.
-- it every parent and I think that's the key it's on all of these platforms can watch it on your Xbox-360.
You can watch it on your Nintendo -- you watch it on -- roku box you can watch it on your iPad is coming to the iPhone -- about it in a few months.
It's all in all of these places the challenge for them is -- very distribution.
It they -- -- they don't they don't own the content and so they will always be at the mercy theoretically.
Of the content providers and studios they actually.
Make the TV programs -- make movies that you wanna -- -- -- and that that's that's the day -- but really I mean -- entry in this economic activity continues whereas -- much different times there I've got twenty seconds -- the last question that shelves at a 121 would you buy Netflix I would not.
Just as -- -- this is just -- to the incredible trading stock but I think it's overvalued Clayton -- a -- I -- for doing his very good.
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