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Netflix Shares Stuck Between Two Camps

By Kevin Kelleher

 About this article:
 In this time of tumultuous change, it's reassuring to know that the old bull vs. bear debate over Netflix, which has been raging for a few years, is still going strong. Netflix has always been either a few heartbeats from death's door or one of the great disruptive game-changers of our time -- or more likely, some milder version of one of these two scenarios. Here on the downslope of a recession, it's no different. There are once again two Netflixes battling for the hearts of investors. Under one view, the company is poised to weather a downturn as families who can't afford nights out at the cineplex stay home and rent more DVDs on their 50-inch TVs. This is the take that prompted Stifel Nicolaus analyst Scott Devitt to call the company's DVD and instant-watching offerings "a compelling alternative" to a more expensive "Ticketmaster event" that could...

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