Forget Selling Netflix: NFLX Is the Streaming Stock I'm Buying More Of
Key PointsNetflix stock is down 42% over the past year and trades at 22 times trailing earnings.
Forget selling Netflix, I'm buying more shares of this streaming stock. For me, Netflix is not just another investment option, but one with special significance. This was the first stock I ever purchased and the first business model I truly grasped. Back in 2006, I dedicated weeks to researching the home video industry, interviewing store owners, and examining their film collections.
Download services like Vongo and Movielink showed promise, as did cable TV's video-on-demand offerings. However, neither could match Netflix's unparalleled movie catalog, convenient mail delivery, and relentless innovation. Even though Netflix had 'Net' in its name before most homes had fast internet, it never required late fees, unlike Blockbuster and Movie Gallery.
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