Netflix's Crazy Day
The following video is from Tuesday's edition of Investor Beat, in which host Chris Hill and Motley Fool analysts Jason Moser and Jim Gillies dissect the hardest-hitting investing stories of the day.
Netflix has now crossed the 40 million subscriber mark and has more subscribers in the U.S. than HBO. Shares popped initially on the news but pulled back later in the day. One surprising voice warning investors that the stock price may have become a bit frothy is the company's own CEO, Reed Hastings. In the lead story on today's Investor Beat, Jason and Jim discuss Netflix's incredible run, and why they would be very wary of buying today at this incredibly lofty multiple.
Netflix and the future of TV
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The article Netflix's Crazy Day originally appeared on Fool.com.Chris Hill, Jason Moser, and Jim Gillies have no position in any stocks mentioned. The Motley Fool recommends and owns shares of Netflix. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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