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There's multiple reasons. Not all these reasons are being discussed. Valid reasons discussed get censored. Netflix had great technology and business plan and m
by droithomme 7y ago
There's multiple reasons. Not all these reasons are being discussed. Valid reasons discussed get censored.
Netflix had great technology and business plan and management executed it well for many years.
I reluctantly dumped it all in late May. I'd been watching it carefully after in December they hired an activist executive from ABC who cares more for political correctness than profitability. Dumping at the end of May proved smart and I'm pretty happy with my half million in locked in gains.
Netflix is now going to descend to $190 or so. Maybe it comes back from that. Maybe. Only if they make changes. After it hits rock bottom, if it then comes back up to $300 I'll reinvest.
Those of you who didn't dump your stock yet, fasten your seatbelts and good luck to you. Hopefully I'm just a crank.