Dronamraju Ravi Prakash

Over the weekend i read the article that mentioned reed hasting's analysis of his competition. I concur with his analysis. Infact last week i was mentioning very similar things in my discussions with chuckakung. Desperate blockbuster is going to spend more money and loose more money.

In anycase, I thought more about reed hastings and NFLX. Now, i feel that the management has the right view of the world in place and the multiples are excellent. At 653M $ we are paying about 250$/customer (assuming 2.6 million customers). Not too bad.

So i am buying NFLX again at $12.50

To make room for NFLX in my portfolio, I am exiting RHAT (not too excited about recent moves) and SEAC (not intricately familiar with their business)