A hilarious outtake from this
article on Netflix's strategy:
Analysts were not convinced. Michael Pachter, who covers Netflix for Wedbush Morgan Securities, said he would prefer that Netflix stick to selling movie-rental subscriptions, not giving investment analysis. "I don't really care what they think we should focus on," he said. "I would never presume to tell them how to do their job."
Which was then followed by:
Pachter has pushed the company to disclose more about the nuts and bolts of its online investment. He points out that if Netflix spends $70 million this year for a service used by 100,000 customers, it works out to $700 per customer...."I would say they're crazy; it's not worth it," Pachter said. The math only makes sense as the number of users increases dramatically, he added.
They really are smarter than me.
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