The November 23, 2011, edition of the Wall Street Journal Online contains an article by John Jannarone
Question:
Instructions
Read the article and answer the following questions.
(a) Why did Netflix issue new shares at a time when its stock price was so depressed relative to previous valuations for its stock?
(b) What previous actions had Netflix taken to reduce its cash balance?
(c) What does the article say is the lesson that growth companies should learn from the Netflix example?
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a Comment the issue of new stock The company issued new shares of stock because it ...View the full answer
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