“The price will come back (Netflix is still making mad cash, growth had to stop eventually) hold until then nothing is lost.”
P/E is 20. If growth has stopped then how do the increase earnings?
They don’t need to increase earnings. In today’s tech market a P/E of 20 pretty awesome. The average for internet companies is almost 84. The whole market average is 90. The modern stock market doesn’t care about PE, nobody is holding stock for earnings, they’re just holding for the next rise. All this has really done is make Netflix a buy, because it will rise.