Wednesday, October 20, 2010
Holy cow! Netflix
16.9 million subscribers with somehow controlled acquisition cost. way to go! Despite of not very impressive quarterly financial ratios, the growth is just too fast that nothing else seems to matter. I do think the stock is overvalued based on the financial performance however, growth stock investors probably won't care much of that now. 9% after-hour gain may not be enough for tomorrow's run. We'll see.
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Cannot believe this. I had a coworker who now is working at Netflix. He once mentioned about the canada expansion and the streaming service. I thought the current situation already have the news price in. They still had a great after-hour run.
ReplyDeleteI just don't know how to deal with the high growth and the high P/E stock.
Matt, how about moving your hands on ebay with your great analysis? Would it be great turnaround? or just a dead cat bouncing?
ReplyDeletebuddy, i'll take a look at ebay this weekend. although, it would be tough for me to judge its future. I'll try. as far as nflx, it's a great growth story but the valuation is hard to justify. momentum traders love it though.
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