I've held NFLX since 2013. I'd buy it again today, even at these prices. My view is that profits are low because NFLX is investing everything in original conte

I've held NFLX since 2013. I'd buy it again today, even at these prices. My view is that profits are low because NFLX is investing everything in original content.Their last 4 quarters of profit is about $550 million. But their spend on original content is expected to be $7 - $8 Billion in 2018 [0]. Theoretically, that $7 - 8 Billion, less income tax, could fall to the bottom line, putting their P/E in a much more reasonable ~20 range. AMZN is taking the same strategy: Invest in growth above all else and defer profits until the company is 'huge'. Moreover, for NFLX, revenue growth is accelerating (+23% 2016 vs. +30% 2017). Given the performance of management, both at NFLX and AMZN, it's a reasonable calculated risk to buy shares, even today, even at these outrageous prices. [0] http://www.adweek.com/tv-video/netflix-is-increasing-its-spending-on-original-content-how-will-competitors-like-hbo-respond/ http://www.adweek.com/tv-video/netflix-is-increasing-its-spe...