only small little problem nflx has now, is major, major, major increase in viable competition, skyrocketing content costs, shrinking pie and a astronomical valuation. CSTR has a PE 60 may I repeat 60x less, and a much more solid business model. thats whats wrong with nflx. future growth is fine, but I really beg to differ on how rosey their future profits are, I guarantee nowhere near enough to justify this valuation. THATS the real problem. 80 dollar stock. and thats generous. see you when it implodes again. It will.
We don't care about PE either. It's burning cash, taking on more debt, has massive content obligations it can only pay for with 20% yoy sub growth over next several years.
when sub growth shows any signs of slowing, party's over!
crash, burn, etc...