Motley Fool predicts strong 2009 for Netflix

The Motley Fool has picked Netflix as one of its best stocks for 2009, and part of the Fool's bullish prediction stems from Netflix's leadership position in streaming online video directly to devices. The Motley Fool said that regardless whether you are optimistic or pessimistic about 2009 outlook, Netflix should be a good buy.

If the economy continues to tank, Netflix will cater to people with reduced entertainment budgets, since the average customer only spends around $13, according to the Fool. But it also said Netflix should do well if the economy rebounds, since that will mean more discretionary income in budgets for more lucrative packages.

As consumers begin to see the benefits of direct to PC, Blu-Ray, TiVo, and Xbox 360 streaming, expect Netflix's adoption to increase, given its competitive advantage here over other players in the space like Blockbuster and Amazon.

Also, Netflix continues to gain subscribers at a clip above 20 percent per year, and it also has increased its earnings per share substantially in the past two years.

All in all, it looks like good times ahead for Netflix, as they forge more partnerships and win customers because of their competitive price and unmatched total offering. 

For more:
- The Motley Fool has a report on Netflix 

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