Boy, do I wish I held my Netflix stock!
It was just about five years ago that I owned shares of online movie rental company Netflix (NFLX). At the time, the stock was just a paltry five bucks or so, but since then it has had an impressive though sometimes rocky ride to near $50 a share.
The sad thing is that as I searched for growth opportunities, I ended up dumping Netflix, concerned about what the future might hold for the company. Now, I truly want to kick myself, but I won't beat myself up too bad. For years, there have been plenty of Netflix naysayers. Who knew that a sweeping recession would soon take hold and give Netflix some steam?