Wednesday, March 25, 2009

Thanks NFLX

...it's been a good run. 15% CAGR over three years. not my best stock purchase of all time. Still, in light of the recent market downturn, that's pretty good.

alas, I had to execute a sell order today. the reason -- Blockbuster just announced that they would start streaming its videos through Tivo.

i think NFLX will survive this latest salvo. it's just going to be a lot more competitive for them. And i had been looking for a reason to sell. This was it.

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