The Investment Thread

NewOrleansFan said

NFLX is at the same level it was 5 years ago. 😮

Just checked BA and it is below its Covid crash.

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5 years ago we were already in the bubble so it was way overpriced then. History says it should be priced around $240 but inflation is the unknown variable and the combination of rapid inflation and subscription loss and it wont take long to destroy Netflix.

NFLX is actually priced below historical norms. I've been picking some up at support levels and it tries to rebound but then keeps triggering my stops.

I'll try again in the morning. I have this gut feeling that Netflix has something up it's sleeve and is going to go ripping. It's just been too well run for too long. PE ratio of 15? I think the subscribers rebound in the winter when people have finally had enough outside and they sat out long enough to log back on and actually see new content. I knew for sure it was going to 200 after the last earning call. Felt pretty good about 172 being the low then today it just went lower. Im not sure it can go much lower without some sort of news, it's just too cheap. It may even be a stock that is able to hold current levels even if the rest of the market continues to slide. It's just getting to that point.