Netflix (NFLX): Real Growth Challenges?

Ensemble capital published its Second Quarter investment letter, a copy can be downloaded here. The fund lost nearly a third of its value this year and trails the S&P 500 Index. However, it posted positive annualized returns of 7% and 10% respectively over the last 3 and 5 years.

The basis of the Ensemble’s 2022 poor performance is the disappointing results of high-growth stocks like Netflix, Inc. (NASDAQ:NFLX). The group of high-growth stocks in Ensemble’s portfolio declined an average...