Gee, I guess the free market made a "mistake" here with Netflix. It should have been a gold or silver mine stock producing metal that is already abundant all over the world sitting unused in growing inventories and polluting the environment and endangering lives to produce more.
The free market must be real stupid to make Netflix so successful. Nobody really needs Netflix.
It would seem these hedges are costing shareholders dearly in the earnings. We as investors are taking the risk and losing our profits on poor decision making. I don't bet on both teams when I place a bet, I don't want my bookie doing it either.