For the longest time I had been the biggest promoter of Netflix (NFLX). I loved the stock and it has definitely been my best pick to date; however, since finally selling off completely I have now become the complete opposite and do not like the company as a stock play.
While essentially doubling it’s stock price over a 2 month span is pretty impressive, I still do not buy all the hype coming out of the company…
Yes, the company got more subscribers than was projected, but projections were low and they are still lower than where they were back in the summer.
Netflix straight came out and said that Amazon (AMZN) would have a negative impact on their company.
Finally, we cannot forget the most important part… Netflix seems to be losing more streaming licenses than actually gaining.
All in all, what was once a strong monopoly is now part of a sector that is rapidly get more competition and more advanced. I have to say sell!