How Buying The Stupidest Company In America Yielded 79% Profits
By Ian Wyatt:
After a series of very stupid and very public mistakes, investors had essentially written off shares of Netflix (Nasdaq: NFLX).
Late last year, Netflix lost 3 million subscribers and angered many others after a series of mind-boggling missteps. The bad press that ensued took a serious toll on Netflix’s stock. But as history has shown, great companies temporarily beaten down by bad press can have tremendous upside potential.
You see, investors tend to think rosy thoughts when times are good. And when bad news in is the air, they are quick to expect the worst.
The fact is that most investors get things wrong. Even the experts on Wall Street were wrong in telling investors to SELL Netflix shares when the stock was trading in the $65 – $75 range.
Instead of listening to the “experts,” I advised subscribers of my $100k Portfolio investment newsletter service to BUY Netflix in
Investing, Long Term Investment, stock market | admin February 4, 2012
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