Investor favorite Netflix NFLX, -10.27% crashed by 10% in moments Wednesday evening, after the online streaming company stunned the market with a loss of subscribers in the second quarter.
That’s not just expensive. Those are nosebleed valuations. The Wall Street average: 18 times forecast per share earnings. But Netflix isn’t some tiny company growing from a minuscule base. It’s already in the top 50 companies by market value in America. The company is valued, even after the latest drop, at $158 billion.
It’s not even close. Since 1974 the MSCI World Value index, with dividends reinvested, has produced double the total returns of the growth index. Double.
BrettArends Bingo
BrettArends Where you been
BrettArends Too expensive now. Get $BA BETTER WITH DIVIDEND..
BrettArends I want nothing to do with the Obama's. Can't stand them. Dropped Netflix and not looking back.
BrettArends What happened to loyalty on Wall Street? It seems like all they care about is money these days...
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