All Binge, No Purge

Managing Partner at Tim Knight Organization • Mar 23, 2020 at 3:29 PM EDT

We all know how incredibly expensive Netflix is. Even after this extraordinary pummeling, shareholders are demanding over 80 years of earnings in exchange for their stock.

We all know how incredibly expensive Netflix (NFLX) is. Even after this extraordinary pummeling, shareholders are demanding over 80 YEARS of earnings in exchange for their stock.

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So surely the stock has been a wreck in this savage market, right?

NOPE! It’s up over 11% for the year!

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I guess people just can’t get enough of their tee-vee, particularly when we’re all housed in our minimum security prisons. I am pleased to say I haven’t dared short this stock once in 2020.

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Disclaimer:

This is not meant to be a recommendation to buy or to sell securities nor an offer to buy or sell securities. Before selling or buying any stock or other investment you should consult with a qualified broker or other financial professional. The author has no business relationship with any company whose stock is mentioned in this article nor is receiving compensation from any of the companies mentioned.

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