No, it's the higher prices, and the split of DVD and streaming that are causing customer exodus, which, in turn, causes the stock to go down.
It's currently trading at P/E=28, which is only normal for growing companies, so I'd expect another 20-30% decline, if they can't solve that customer problem.
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[ 1424 ms ] story [ 1655 ms ] threadIt's currently trading at P/E=28, which is only normal for growing companies, so I'd expect another 20-30% decline, if they can't solve that customer problem.