Thursday, July 25, 2013 11:41:17 AM
Netflix is a household name so people invest long because they know the brand. They don't care about earnings as long as they see Netflix on TV. Must be doing good if they have coin to burn on TV commercials, right?
Ditto for Amazon. People know the name and do not care that earnings have been dropping for 5 years straight. And yet the stock pushed over $300 last week.
It makes no sense whatsoever. Analysts that make predictions on these stocks might as well flip a coin. So if Netflix went to $500, split and went back to $500 with a PE of 3,000 I wouldn't be shocked. It's a popularity contest and Netflix is winning.
Recent NFLX News
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 11/13/2024 02:29:05 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 11/13/2024 02:25:56 AM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 11/12/2024 09:09:20 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 11/12/2024 03:51:04 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 11/12/2024 02:11:13 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 11/08/2024 09:13:04 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 11/07/2024 10:41:49 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 11/07/2024 09:20:01 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 11/07/2024 01:56:15 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 11/07/2024 01:56:02 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 11/07/2024 01:55:47 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 11/07/2024 01:55:34 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 11/07/2024 01:55:21 AM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 11/06/2024 11:09:16 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 11/06/2024 08:57:26 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 11/05/2024 10:05:15 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 11/05/2024 10:04:42 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 11/05/2024 08:15:47 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 11/05/2024 06:22:59 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 11/05/2024 12:09:52 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 11/05/2024 12:09:41 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 11/05/2024 12:09:31 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 11/05/2024 12:09:19 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 11/05/2024 12:09:08 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 11/05/2024 12:08:58 AM
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SMX and FinGo Enter Into Collaboration Mandate to Develop a Joint 'Physical to Digital' Platform Service • SMX • Nov 7, 2024 8:48 AM