$NFLX at 250x~ EPS | EV/OP at 175x. If $NFLX increased earnings 9x to $6B it would still have a P/E of 30~. Mediocre margins, unsustainable business model. If $NFLX isn't indicative of euphoria then what is? Absolute insanity. #ValueInvesting #stocks
First off, huge fan of Aurelius. As for $NFLX, the original content thesis is a case of "aggressive growth that promises tomorrow". Impossible to say what that looks like, and implies exceptional continued performance which is unlikely.