Bagofswags has proven himself (or herself) to be a moron. Remember @ $52 when Bagofswags was saying that Netflix was going bankrupt?
HOWEVER, at $478 NFLX is seriously overvalued IMO.
Netflix management pursued original content imagining themselves as a creative network. Since anyone could rent movies, they desperately needed a competitive edge.
From what I have viewed thus far their original content is a bust. They have sacrificed a superior movie library to finance it. I have been positive on NFLX (and made lots of money with them) but at this point the future seems iffy. What has saved them is lack of competition.
Rule 1 is to find an investment strategy that is compatible with your personality. Rule 2 is 'Purchase at the Bottom.' It is more important figuring the initial 'buy bottom' than the 'sell top' which comes later. If you buy at the bottom, there is practically no risk. Make money. Fire up the Cessna.
My buy fundamentals - which is why I am $8/sh up (this stock) in less than two months. Talk is cheap.
'Pumped?' What evidence? MW has value in this high market. Pays a div, has FWD PE of 14.
Disclosure: up nearly $8/sh since initiating in mid-December.
I don't know who is carrying who. The elite in this nation have physical security. They have lawyers and judges carrying their water. That is worth a lot.
But I AM conservative.. No one should get a disability check unless they work. If the right hand is broken, use the left. We need full school vouchers so parents can decide - between public school or private school or home schooling. We need mandatory public service conscription so everybody contributes. We need tough prison sentences imposed on those who enter our country illegally.
Paying 'fair share' is the least of our problems. It is divisive. It is moot.
You need to get your facts straight. And learn politics. Even my liberal friends agree Obama has been a 'do nothing' and Obamacare has been a disaster.
Suggest you study investing - seriously. Men's Warehouse is a simple 'no brainer' read.
It was a great investment if you bought at $15 and sold at $22-$24. Stocks are about timing. For me GE has been a solid intermediate trade every three or four years. I have made of trades over the years. GE is also a good day trade occasionally because the stock reacts predictably (positive correlation) to overnight world economic news.
FY16 EPS $3.40 (consensus estimate) and PE of 15 - consistent with sector and both MW and JOSB before the merger. It's conservative. Might catch $55. Current basis $41.
Yahoo message boards have become trash people in trash lives. And yes, they are the same people who believe Netflix documentaries.
Good post! I like when the Funds react as predicted. They saw strong support around $320 and bought - as we would expect in TA. Good value at this price? Maybe Clearly buyers thought so.
Their original programming isn't lighting any fires - and isn't likely too IMO. They also need to do a better job guiding customers to hidden gems in their huge library. Facebook is not effective and their much-touted suggestion system is a joke
Months back we had some discussion on this board - about how the buy-out had caused an unrealistic stock price, how promised consolidation economies were probably overstated, how at $55 MW was a short opportunity, and how a price around $40 would be attractive.
It all came to pass.
Back in. Projected stock price within 12 months $50+