Netflix is no longer a growth company. Yet I see many longs here still silly to think NFLX is a growth stock.
Netflix revenue growth rate is tiny 13% while its earnings declined 91%. Netflix has negative growth. It is a rapidly deteriorating company, not a growth company at all. Not even close.
Ellie Mae (ELLI) on the other hand is a real growth stock. Revenue increased 106% while earnings increased more than 1000%. ELLI is a real growth stock that will really make money for you.
If you want growth, you should sell NFLX and buy ELLI or other real growth stocks.
You are welcome. Real growth stock ELLI broke to another all time high again today. Third consecutive days to all time highs with large gains every day for ELLI. Good that you made the right decision to buy real growth stock ELLI.
Saurischian, your money will do better in real growth stock like ELLI. Netflix has no growth. Its stock is not going to go too far up. It is best to SELL NFLX while the price is good and BUY ELLI. As ELLI profits grow, its stock price will go up naturally.
If you want a ten-bagger, you have to buy companies like ELLI with 10 fold earnings growth.
NFLX is a dying company and your money will die with it eventually if you stay long in NFLX.
Let's see now;
Whack_moles and ELLI: Both located in NoCal
I'm just wondering why the pumping of ELLI, especially on the NFLX board,
Then again, their is always a reason for pumping a stock;
1. to avoid social disapproval
2. to gain acceptance
3. to get what they want
4. personal financial gain
I think the last one may come into play here more than the others.
I think Whack_Moles works for ELLI.
I am short selling this bubble stock NFLX to balance with my portfolio of good long position stocks like ELLI, TCBI, PATK, HCII, MLNX, etc.
In the event of a market pull back, this bubble stock will crash bigger than the real growth stock like ELLI.
In the good market, real good growth stock like ELLI will outperform NFLX because NFLX has no growth and no profit.
Either way, my portfolio will do well.
It is good that you did make up your mind to buy the real growth stock ELLI yesterday. After ELLI broke out to all time high yesterday with 4.5% gain, ELLI broke out to another all time high again today.