Monday, October 3, 2011

Morgan Stanley says it's time to buy Netflix...

Morgan Stanley sees the recent sharp selloff in Netflix (NFLX) making a "much more compelling" valuation, plus an earnings call that could bring a positive surprise on subscriber guidance. Also, producers of cult TV comedy "Arrested Development" reportedly are in talks with Netflix about distributing some new episodes that would serve as a prelude to a movie.

Netflix is up 4.25 today to 117.52

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