Netflix, Inc. (NFLX): Here’s Why Its Stock Is Cheap

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And this is the kind of market traction that Netflix, Inc. (NASDAQ:NFLX) is building right now.

Digital video is still a very young industry. Netflix is leading the way into a new era in the same way that Apple created all-new markets in music and mobile computing during the last decade. Netflix, Inc. (NASDAQ:NFLX) is spending money now so it can reap the fruits of a peerless money-making tree in the coming years.

In short, Netflix stock today reminds me of Apple in 2005. There will always be skeptics, but the company is poised to keep crushing them. Enjoy the ride — I sure will.

The article Why Netflix Stock Is Cheap Despite a 700 P/E Ratio originally appeared on Fool.com is written by Anders Bylund.

Fool contributor Anders Bylund owns shares of Netflix, but he holds no other position in any company mentioned. Check out Anders’ bio and holdings or follow him on Twitter and Google+.The Motley Fool recommends and owns shares of Apple and Netflix.

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