Article of the Week
"Why Netflix Really Sold Off After Double-Digit Growth YoY"
As you know by my name, I love dividends. And in addition to sharing on here, I write regularly in the investment platform- Seeking Alpha.
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Current Price: $92.82
Streaming giant Netflix (NFLX) reported Q1 earnings earlier this month and saw their share price drop immediately after. This was despite managing to see double-digit growth from the year prior. And going forward, management is still projecting healthy, double-digit growth.
So, if you’re reading this, you’re likely wondering why did the stock sell-off then? In this week’s article of the week I discuss NFLX’s sell-off, their fundamentals, and why I believe the they’re still poised for solid upside long-term.
Let me know what you think of the article in the comments!
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