Had You Bought Netflix Last Year, You Could Have Laughed All the Way to the Bank Now

Why didn’t I buy Netflix when it was about $90 a share last February?

I was afraid.  The experts were really questioning its ability to increase its subscribers.

Look at it now.  The stock price is almost doubled.  Its newly added subscriber numbers crashed the wall street estimates this quarter.  The stock price soared another 10%.  Just like Amazon, its debt continued to pile up but it didn’t matter.  When you are a wall street darling, you can do no wrong.  Just like Amazon, its PE ratio is 189.  Netflix is merely 212.  Who is looking at the PE ratios nowadays?  In this market, you’ll be published if you don’t take big risks.

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