Today we have veteran “Fools,” Jason Hall and Rick Monarez, to evaluate a traditional favorite stock on a 1 to 10 scale, which is now close to its 52-week low at the time of recording this episode. It's Netflix stock, and its symbol is "NFLX".
We will try to determine if it is a good time to buy some shares. We will start by examining Netflix's business strengths, including factors such as industry and competition. Yes, did the late fees incurred from Reed Hastings' rental of "Apollo 13" really give birth to Netflix more than two decades ago?
No no. This has been largely refuted as mere media propaganda. However, Hastings and his team created a remarkable local distribution system for DVDs , shocking the world with a radical 180-degree shift towards live streaming about 20 years ago.
With approximately 325 million paying subscribers worldwide, it is a leading company with the advantages of scalability. I love invisible trenches , and I can't lie, but it's still a highly competitive market.