Buy Netflix

Apr. 24, 2012 12:45 PM ET
Norwell profile picture
Norwell's Blog
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Contributor Since 2008

I am a long term investor, buying stocks as a teen through an account I begged my father to open. I am a software developer by trade. I have an Accounting degree and an MBA along the way, so I do really understand the numbers involved. I tend to like investments that are out of the ordinary and may provide a high rate of return versus a lower than expected risk level.

Netflix (NFLX) announced their earnings last night. While they lost money, they beat expectations on the loss and exceeded expectations for sales. Management effectively met their targets and expect to continue doing so.

The market must be selling on the news. Stock is down about 15% this morning on NO BAD NEWS.

Stock is at $87.80. I expect a nice, slow climb back over $100.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

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