If Netflix hits a Low Soon is it Safe to Buy?

[treasurekidd]

I admit, I was way off on my call on NFLX, but I still can't believe that this stock trades at such a ridiculous multiple. But hey, I'm a value guy, not a growth guy, so what do I know about NFLX. Still, it seems to me that sooner or later, NFLX is going to suffer an APPL like crash back to reality. Triple digit P/E's never end well.

[Sage 80]

Originally Posted by bmw335xi

I bought it soon after earnings and almost sold it when it started going back down. I'm happy I didn't

At what price did you get in?

[bmw335xi]

Originally Posted by Sage 80

At what price did you get in?

Most of my buying has been from $207 to $210

[Sage 80]

Originally Posted by bmw335xi

Most of my buying has been from $207 to $210

Nice.

[sholomar]

a quick look at their recently quarterly statements shows no justification for this stock price.. it should be trading at half these levels. Some long term put options might be in order here. Will see what the strike prices are at. Good thread. Another bubble in the markets forming for sure. People always deny it but you can't justify these multiples. At least AAPL is trading at a decent multiple... with that said that's alright. If everything only traded at boring multiples the stock market would be less exciting and less profitable.