NFLX is a Momentum Play NOT a Value Play so any valuation debate is meaningless NFLX has no value, its contingent liabilities far exceeding its potential earnings out 5 years IF IT survives that long... Its short position is diminishing indicative of shorts having thrown in the towel and Mo longs loaded to the gills... However, its fallen $50 per share since its all time high. We are modestly short looking to catch a computer algo swing towards a sell on rallies enough to shake-out the non-computer driven longs like Icahn and the minions that follow Cramer... breaks 390 could ride down to 300... we shall see..
That's funny! NFLX can't make money when functioning as a parasite on ISP networks. Now these networks are starting to charge NFLX for what has to this point been a free ride. What do you think NLFX is going to earn this year? Next year? In five years?? Same answer for all 3 questions: zilch!! This company isn't worth $40/share!