5 posts and columns on Scott Devitt

Netflix: Stifel Downgrades to Sell After Stock Doubles

in News on January 30, 2009 at 10:15 am PT

Netflix is suddenly one of Silicon Valley’s hottest companies–it just reported blowout Q4 earnings, gave a strong Q1 outlook, and its stock has doubled since November. And the company’s service is becoming ubiquitous in the home entertainment space. So why did Stifel Nicolaus analyst Scott Devitt downgrade the stock this morning from Hold to Sell, estimating its fair value to be well below its current level of $35.95?

Netflix: Let's Stay Home and Watch a Movie

in News on October 27, 2008 at 11:01 am PT

Recipe for a (possible) rebound:

1 Movie and popcorn for a family of four: $70
1 Night at a “Ticketmaster event” for a family of four: $240
1 Year-long subscription for two-at-a-time unlimited movie rentals from Netflix: $163.20

Shake it up.
Now, if only it would affect the stock price.

Overstock: Stifel Downgrades To Sell; Stock Off 24 Percent

in News on July 18, 2008 at 6:37 am PT

Stifel Nicolaus analyst Scott Devitt this morning cut his rating on Overstock.com (OSTK) to Sell from Hold. He notes that the company, which reported second-quarter financial results this morning, trades for 21×2009 EBITA, “the highest multiple in the sector.”

eBay Upgraded; Is Microsoft Interested in PayPal/Skype?

in News on June 16, 2008 at 8:20 am PT

Is Microsoft (MSFT) interested in taking a stake in eBay’s (EBAY) PayPal and Skype units? Stifel Nicolaus analyst Scott Devitt asserts in a research note this morning that he has “thought it possible for Microsoft to attain an equity ownership interest in PayPal/Skype.”

Amazon Buying Borders? Don't Bet on It, Says Stifel

in News on June 13, 2008 at 3:30 pm PT

Earlier this week, the hedge fund manager William Ackman of Pershing Square Capital Management floated the idea that the book retailer Borders Group (BGP) should consider selling itself to Amazon.com (AMZN).