Fallen: 5% Consider buying: something else.
If this were the Netflix of the past, it would be now that the company was creating some totally unforeseen way of making money, thereby escaping from a seemingly inescapable trap, seconds before the walls closed in. But the Netflix of today has little to offer, other than new episodes of popular two popular series: Orange is the New Black (loads of fun) and House of Cards (barely watchable). Well, there is also the assurance from Reed Hastings that the company will continue to grow at the expected rate, despite the decidedly unexpected emergence of powerful rivals for your streaming-entertainment dollars. Some may choose to believe Hastings, and clearly, he has delivered in the past, but I find that when CEOs are telling the truth about the money they are going to make, they are ready and willing to explain how they intend to make that money. Hastings still talks as if Netflix were the only game in town, leading me to assume that he is either being deceptive or living in a dreamworld.
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