The High-Def Trade
Netflix is a buy, according to Jeff Macke, on the heels of the DVD rental service company’s new increased outlook.
This once-hated stock could now have multiple ways to win.
- With Sony's Blu-Ray format expected to become the standard, that should work in Netflix’s favor, according to Macke.
- Also, Blockbuster can’t seem to gain traction and Netflix continues to eat away at its market share.