Although the issues at Netflix are becoming extremely worrisome to shareholders, the company might still be a worthwhile acquisition target, Wedbush analyst Michael Pachter wrote in a note to investors today.
How bad are things? Just yesterday Netflix announced that during the third quarter of 2011, it lost 810,000 subscribers. Even worse, Netflix said that it expects that trend to continue, and by the first quarter of 2012, will report a net loss.
Although Netflix's share price had been declining prior to that news, its shares are plummeting now. As of this writing, Netflix is trading at just $… Read more