"Shares in the US streaming video company soared 18 per cent...

"Shares in the US streaming video company soared 18 per cent overnight as Wall Street cheered its quarterly result. Australia played its part in Netflix's expansion, with international subscriber growth the key driver behind its sharemarket gains"

http://www.smh.com.au/business/what-netflixs-meteoric-rise-means-for-australia-20150717-giedtk.html



Unfortunate for long term investors, right industry just invested in the wrong company, just goes to show that you don't need to invest in penny dreadfuls to receive high returns on equity.

Of course return on equity something that Langsford clearly has no idea about, having diluted investors equity and company MC to just 2m over the last couple years.


Kat.