Netflix’s Amazing Run
Tim Knight | Jan 19, 2017 02:22PM ET
Back in the 1990s, I remember visiting a friend in Los Gatos. He was mulling over an offer to become a fairly high-ranking executive at a young company called Netflix, which mailed DVDs on a subscription basis. He passed.
I guess he can join the rest of us when we look at the NFLX stock chart and think about What Might Have Been. The percentage chart below tells the story. Indeed, ground-floor access to the stock in the 1990s notwithstanding, buying as recently as a few years ago would have yielded an unheard of return. Since the IPO, it’s up about 12,000% and even with a P/E of 330, people are still buying the stock.
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