Pandora Media Inc (P), Mercadolibre Inc (MELI) & Netflix, Inc. (NFLX): What These Internet Companies Had to Say at the TMT Conference

Is there any other stock that has doubled for the year?

If you are thinking that the list for the companies doubling their market caps this year starts from Tesla Motors Inc (NASDAQ:TSLA) and ends at Pandora Media Inc (NYSE:P), you are wrong. You are missing Netflix, Inc. (NASDAQ:NFLX) , which has seen its stock rise by 208% in the last 12 months. The stock has been a super example of a short-squeeze. Without further digression, I must point out what the company’s management had to say at the TMT Conference.

Netflix, Inc. (NASDAQ:NFLX) was positive on brand image progress since the pricing disruption in 2011. The company expects to continue to invest in original programming, potentially moving well beyond seven original shows over the next several years. Netflix, Inc. (NASDAQ:NFLX) notes it typically makes content investment decisions based on cost per hours viewed, ascribing a higher value to original or exclusive content. The management believes current pricing is appropriate and expects it to remain stable in the U.S. in the intermediate term.

Final word

The Internet space has been rewarding for investors with generous gains from investments in certain companies. And it is interesting to note that this might not be the end to the rally – in fact this might be the start of another round of capital appreciation and multiple re-ratings for the industry with Pandora and Netflix, Inc. (NASDAQ:NFLX) being the prime examples. Hence, I recommend investors to take long positions on both Pandora Media Inc (NYSE:P) and Netflix.

The article What These Internet Companies Had to Say at the TMT Conference originally appeared on Fool.com.

Zain is a member of The Motley Fool Blog Network — entries represent the personal opinion of the blogger and are not formally edited.

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