Netflix Continues to Excel in Tough Economic Environment (NFLX)

Tom Reese/Paul


Netflx (NFLX) shares are up 14% so far today, after the dvd

rental company reported profits rose 45% to $22.7 million, or 38 cents a share,

up from $15.7 million, or 23 cents a share in the same period last year.

The company added 718,000 customers in the final three

months of 2008, which gives the company just under 9.4 million customers

through December, a 26 percent gain from 2007. The company's revenue rose 19

percent to $360 million, beating consensus estimates of $354 million.

The Bottom Line

It appears that Netflix is beginning to distinguish itself as another company

in the internet space that can ride through these recessionary times in good

shape. The stock is about $6 below all-time highs. If the stock does pull back

at all, we see the $27 area as a potential area to watch. We do not currently

rate this stock, but it is a name we are going to add to our internet gauge


Netflix (NFLX) does not currently pay a dividend.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well

as a detailed explanation of our ratings

system here.

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