0CT 20 20 ND SIT EC y POL
ND denounce Global-neoliberal debacle y propone State-Social + Capit-compet in Eco
ZERO HEDGE ECONOMICS
Neoliberal globalization is over. Financiers know it, they documented with graphics
La fantasia NEFLIX: generating record cash is irrelevant nowadays
"GROWTH HAS SLOWED": NETFLIX CRASHES AFTER HUGE MISS ON EPS, NEW SUBS AS COVID BOOM ENDS
It appears NFLX pulled one too many subs from the future in Q1 and Q2 due to covid, and with just 180K new net subs in the US, one wonders if it's time for Netflix to pull "Cuties"?
Investors were on edge today to find out not whether the company would beat or miss expectations, but rather if Netflix, remains a pandemic-proof company and if the slowdown -Reed Hastings warned about- is for real and has pulled forward even more subscribers due to covid?
To be sure, the company has been riding a wave of optimism, its stock soaring over 60% this year. Still, after surging to a record high in early July, and while there’s no doubt that viewership has surged during the Covid-19 lockdowns in the U.S. and much of the world, there are complications: the virus has brought TV and film production to a halt, a situation that may only get more dire for Netflix as the months wear on. But the biggest question remains how many future subs has covid brought to the present?
See Chart:
https://www.zerohedge.com/s3/files/inline-images/NFLX%2010.20..jpg?itok=3PXOMuco
In turn, we expect paid net adds are likely to be down year over year in the first half of 2021 as compared to the big spike in paid net adds we experienced in the first half of 2020." Predictably, in his letter Reed Hasting wrotes that he continues to view quarter-to-quarter fluctuations in paid net adds as not that meaningful in the context of the long run adoption of internet entertainment.
See Chart:
https://www.zerohedge.com/s3/files/inline-images/NFLX%20subs%20chart_0.jpg?itok=Wj8JXdOt
It wasn't all bad news, however : Netflix reported third quarter cash flow of a record $1.145BN vs. -$502 million in the prior year period. Free cash flow positive for a third consecutive quarter at +$1.1b vs. -$551 million in Q3‘19,which however was largely due to the company shutting down production on content in the past two quarters. Year to date free cash flow was +$2.2 billion vs. -$1.6 billion in the first nine months of 2019.
See Chart:
NFLX Non- GAAP free cash flow ($MM)
https://www.zerohedge.com/s3/files/inline-images/facebook%20fcf%20q3%202020.jpg?itok=sIXk1MwD
Looking ahead NFLX said that "as productions increasingly restart, we expect Q4’20 FCF to be slightly negative and therefore, for the full year 2020, we forecast FCF to be approximately $2 billion, up from our prior expectation of break-even to positive. This change is due primarily to our higher operating margin expectation for 2020 and the timing of cash spending on content."
For 2021, we currently expect free cash flow to be -$1 billion to break-even."
That said, with $8.4 billion in cash plus a $750m undrawn credit facility, Netflix sees no need for external financing and has no plans to access the capital markets this year.
HOWEVER, generating record cash is irrelevant for a company which now has confirmed it is "slowing", and as a result the stock is crashing after hours, down over 6% as we type.
See Chart:
https://www.zerohedge.com/s3/files/inline-images/2020-10-20%20%281%29.jpg?itok=p2l5eQ3I
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Movie fantasy vs. Risky finance: assumes a ‘rooster game’ = more QEs+ Bail outs t rich P
PLAYING CHICKEN IN THE HIGH YIELD MARKET
Should investors accept a painful write down on their bonds in order to keep companies alive and avoid even worse pain later on? Or should they call the company’s bluff and insist on full repayment of their debt?
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What?.. the rich parasites have debts that need to be ‘full repaid’. What if the teat of the caw doesn’t have milk anymore?
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This article have 1 interesting chart and comment:
Besides energy bankruptcy (oil & gas investors) “The second biggest sector hit by bankruptcy during the pandemic is Telecommunications, but here the victims are two large issuers in trouble long before Covid arrived: Frontier Communications and Intelsat Jackson, which collectively had $17 billion of bonds go into default. What the pandemic did was make the restructuring faster and more brutal for investors than it might otherwise have been.”
See Chart:
Para salvar a estos malandrines no se necesita matar la vaca.
Where is the chart about ‘Telecommunications’ Que toro se comió esta vaca?
Quiza a mí me contaron la película. Abran la fuente de abajo, quizá la encuentr
SOURCE: https://www.zerohedge.com/markets/playing-chicken-high-yield-market
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US DOMESTIC POLITICS
Seudo democ duopolico in US is obsolete; it’s full of frauds & corruption. Urge cambio
TRUMP ABRUPTLY ENDS INTERVIEW WITH LESLIE STAHL: "YOU'LL HAVE TO WATCH WHAT WE DO TO 60 MINUTES"
"Everyone should compare this terrible Electoral Intrusion with the recent interviews of Sleepy Joe Biden!"
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TRUMP VS BIDEN: THE RACE TIGHTENS, "SUDDENLY LOOKS LIKE 2016"
As a reminder, if Trump wins it would be the "biggest error in our modern era of mass polling."
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Bloomberg is the Big billionaire who financ Biden from the very beginng. Que le paso?
BLOOMBERG IN TALKS TO GO PUBLIC THROUGH A BILL ACKMAN SPAC
Mike Bloomberg may sell a minority stake in Bloomberg LP, the company behind both the cash cow that is the Terminal and the money-pit that is Bloomberg TV, to Ackman’s $5 billion blank-check company, Pershing Square Tontine Holdings.
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Socialists don’t need bad police (criminals) . There are good ones but also bad ones
"You could pay me twice what you’re paying me now..."
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If you don’t want to serve Satttle Comunnity you’re no good. Find other job
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I love Mises articles.. I want you to enjoy this one
AMERICA AT THE POINT OF NO RETURN
Authored by David Gordon via The Mises Institute,
Those who wish to restore these principles face a challenge of unprecedented severity. Anton argues that an elite based in certain blue states disdains ordinary Americans...
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T is inventing stupid excuses to get his aim: start WW3= destroy US & whole world
FEDS CONFIRM BIDEN EMAILS ARE "AUTHENTIC"; '50 FORMER INTEL OFFICIALS' WRONG ON RUSSIAN DISINFO
The FBI does have possession of the Hunter Biden laptop in question... the emails are "authentic"...
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T is sick: his paranoia schizophrenic is criminal, He has to be place in Psyc-Hospi
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Constitut. Art 2: out of context (no applicable to current situation) : T fav=opium dream
The Constitution provides for election crises... and its provisions favor Trump.
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Article II of the Constitution provides that “each state shall appoint, in such manner as the Legislature thereof may direct, a number of electors, equal to the whole number of Senators and Representatives to which the State may be entitled in the Congress.”
Nothing to do with the current political crisis. The WHAT IF we will have is the assumed fraud in mail-votes for Biden and the FED investigation on this issue (proved neutral) can’t not assume now that T will be favored (self-incriminat)
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OBESITY & COVID walk hand on hand, lo dijo un medico
DOES AMERICA HAVE A COVID PROBLEM OR AN OBESITY PROBLEM? Both of them
Any given health emergency grows that much worse if you are overweight.
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US-WORLD ISSUES (Geo Econ, Geo Pol & global Wars)
Global depression is on…China, RU, Iran search for State socialis+K-, D rest in limbo
Que busca Pompeo: vender armas o armar la paz. O quizá la PAZ que no logro RU
POMPEO TO HOST WARRING ARMENIAN, AZERBAIJANI FOREIGN MINISTERS IN WASHINGTON FRIDAY
A week ago the US seemed content to have no diplomatic role, leaving it to Russia
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Si solo busca vender armas debe cambiarse de apellido: Pompillo
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SPUTNIK and RT SHOWS
GEO-POL n GEO-ECO ..Focus on neoliberal expansion via wars & danger of WW3
- NASA's OSIRIS-REx Spacecraft Successfully Touches Down on Asteroid Bennu in Historic Sample Attempt
- Designed by Spanish Scientists, this is What a Martian City With a Million People Could Look Like
- Indian Army Hands Over China Soldier Who Got Lost Looking for Yaks in Ladakh
- At Least 70 Artifacts Reportedly Vandalised Across Three Galleries on Berlin’s Museum Island No solo tienen el arsenal de armas NATO, also best thief of world
- Trump-Supporting Couple Claims Their Horse Killed in Politically Charged Attack
- US Judge Will Allow Grand Jurors to Speak Publicly on Controvers Breonna Taylor Decision
- FBI Has Hunter Biden Laptop, Does Not Believe Emails Tied to Russia
- Trump Threatens to Publish ‘60 Minutes’ Interview He Stormed Out of to Show It’s ‘Fake and Biased’
- US Mortality Data Indicates COVID-19 Death Toll Nearly Double Reported Toll
- UN Urges Greek, Turkish Cypriots to Avoid Steps That Erode Prospects for Talks
- France to Step Up Fight Against Radicalization in Wake of Teacher Murder
- US Senate Voting Monday to Confirm Barrett on Supreme Court
- Ex-US Presid R Reagan’s Son Slams Ivanka T, Jared Kushner as ‘Grifters in White H’
- Pat Robertson Predicts Trump Will Be Reelected Followed by the End of the World
- US Navy Super Hornet Jet Crashes During Drill in California, Pilot Survives
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