Netflix Potentially Hit 30 Million, KKR’s Energy Futures Problem, and 3 More Hot Stocks
Netflix, Inc. (NASDAQ:NFLX): Netflix shares are rising as the streaming service is reportedly set to announce that it has surpassed HBO for paid subscribers, with Needham & Co. estimating that the company hit the 30 million mark during September. Time Warner’s HBO has roughly 28.7 million, researcher SNL Kagan projects. An average estimate from Bloomberg puts Netflix’s subscriber base at 31 million for September, including free trials.
KKR & Co. (NYSE:KKR): KKR, along with Goldman Sachs Capital Partners and TPG Capital, will be fighting for barely 3 percent of the group’s initial investment in the $48 billion buyout of Energy Future Holdings Corp. in 2007. A proposal disclosed last week that wasn’t accepted would have given the company’s owners as little as $270 million as the leveraged buyout — the largest in history — faces bankruptcy in the near future.
Koninklijke Philips NV (NYSE:PHG): Philips has reported that its net profit jumped over 140 percent to 281 million euros, handily trouncing forecasts of 209 million, as growing health-care orders in China greatly offset the slowing demand in Europe. However, a warning from the chief exec hasn’t dampened investors too badly. Shares are up over 4 percent. ”We remain committed to reaching our financial targets this year. However, ongoing headwinds in the global economy are expected to continue to affect sales growth in the coming quarters,” said CEO Frans van Houten.
OfficeMax Inc. (NYSE:OMX): OfficeMax’s merger with Office Depot (NYSE:ODP) is apparently on the verge of approval from the FTC, sources told the Wall Street Journal. Reuters adds that Office Depot revealed plans to buy OfficeMax on February 20th in an all-stock deal worth $976 million, which will see the marriage of the nation’s second and third largest office-supply superstores. The FTC is expected to rule that the combination won’t substantially lessen competition.