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UPDATE: Alfred Fried & Company Initiates Netflix at Underperform; Not a Sound Acquisition

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Alfred Fried & Company initiated coverage on Netflix (NASDAQ: NFLX) with an Underperform rating as it believes the company makes for a risky acquisition player.

Alfred Fried & Company noted, "On the surface, some investors think $4 billion is bite sized but NFLX is not an A La Carte investment proposition. The real cost to acquire NFLX is closer to $10 billion in our view. Management's investment expense guidance and a large $5 billion content liability could quickly turn a light meal into a strategic corporate ulcer, in our view."

Netflix closed at $81.48 on Thursday.

Latest Ratings for NFLX

DateFirmActionFromTo
Oct 2014Janney CapitalMaintainsBuy
Oct 2014Goldman SachsMaintainsBuy
Oct 2014BMO CapitalMaintainsMarket Perform

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Posted-In: Alfred Fried & CompanyAnalyst Color Initiation Intraday Update Analyst Ratings

 

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