Netflix Down But Not Out

Netflix has had great success getting people to stream video to their televisions. In this last quarter their numbers show that 61% of their users are streaming video to their home.  Their success however has caused them to lose money.  Because of the increased traffic their costs have gone up faster than they anticipated and as a result their profits shrank.

To me all this is just evidence that Netflix is going in the right direction, and hearing that their stock is down just makes me think it may be a good time to buy.

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