Tuesday, July 23, 2013

Investopedia: Netflix Results Are Always About Tomorrow

Subscription video service Netflix (Nasdaq:NFLX) posted good results relative to Wall Street expectations, but once again it's the company's view of the future that matters more than the trailing results. To that end, there's likely to be at least some negative fussing tied to a view of third quarter subscription growth that was a few percentage points below the average expectation. While I like the business that Netflix has, and I believe management has wisely carved out some points of distinction from the competition, it's tough to see how these shares are cheap.

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