Is Netflix The Single Worst Stock On The Market?

Eddy Elfeinbein of CrossingWallStreet argues yes.

Some points he makes:

  • It trades at 43x earnings.
  • Forward PE is still a sky-high 35x projected earnings.
  • To hit its goals, NetFlix needs margins to expand.
  • But it’s facing brutal competition from Wal-Mart (WMT), Amazon (AMZN), RedBox, and BestBuy (BBY)

Read the rest of his argument here >

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