by winston » Fri May 17, 2019 9:35 pm
not vested
OUTDATED, OVERPRICED, AND UNABLE TO COMPETE
Today's chart shows what happens when a company misses a big trend...
A decade ago, you needed cable TV to get the best programs. Now, online video-streaming services like Netflix (NFLX) offer huge volumes of low-cost, on-demand content...
And Americans are increasingly "cutting the cord." Businesses that didn't adapt quickly fell behind...
That's what happened to electronics company TiVo (TIVO). In its heyday, TiVo's recording devices were the best way to watch TV on your own schedule... But they aren't so impressive now.
To watch what you want, when you want, you no longer need a $200 TiVo device with a $15 monthly service fee... So it's no surprise TiVo lost almost $27 million in the most recent quarter – 40% more than it lost over the same period last year.
TiVo hit a major peak back in 2011... the same year Netflix doubled down on online streaming. Since then, TIVO has fallen from nearly $70 a share to barely $7, and it just hit a multiyear low. Missing this big tech trend was a costly mistake for TiVo...
Source: Daily Wealth
It's all about "how much you made when you were right" & "how little you lost when you were wrong"