So what? The P/E is still hanging right around 20. Netflix went from being ridiculously over priced to only as over priced as the rest of the market. They still saw 10%ish revenue growth. Read the actual 10Q don't listen to what msn says. To me this looks like the streaming market has matured. Netflix is no longer the only/dominant player. No big surprise. Still isn't a company I want to own but this doesn't mean they are failing. Just the news whipping up a little panic.
GOATMAN 0 points 2 years ago
So what? The P/E is still hanging right around 20. Netflix went from being ridiculously over priced to only as over priced as the rest of the market. They still saw 10%ish revenue growth. Read the actual 10Q don't listen to what msn says. To me this looks like the streaming market has matured. Netflix is no longer the only/dominant player. No big surprise. Still isn't a company I want to own but this doesn't mean they are failing. Just the news whipping up a little panic.