NFLX - overvalued nonsense

Netflix (NFLX) snapped higher after Q1 earnings were slightly above expectations, with the stock closing +24% in the $216s. Despite the 'better than expected' numbers, the company is barely making $1.50 a year, and that makes for a PE of around 120 or so. Simply..insane.


NFLX, daily

Summary

There is little to be said on this 'hysteria' surrounded stock. The mainstream media love NFLX, as do the momentum chasers. Even worse though, there are still people out there under the impression that this is a highly profitable and successful company.

Sure it has a very large customer base, but it faces increasing competition, and despite its popularity, NFLX is still struggling to make any money at all.

see stats @ yahoo! finance.
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I've little doubt the long term business model - if it ever had one, is busted..and simply can't work on a longer term basis.

I've never traded NFLX, more than anything, it remains nothing other than a freak show curiosity.