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No. of Recommendations: 3
Yeah I've been getting smashed with my highly overweighted positions in Netflix and Tesla and it's not been pleasant.

For what it's worth I think 420 was a highly optimistic number relative to how the market usually values the company (I've been in the stock for 15 years), but I would be very confident about good performance here in the low 300s going forward. The last quarterly report was a rare miss and I was pretty sure that would knock 15-20% off the stock price. It's done a little more than that and I think we've gone into excessive correction.

It's below a 150B$ market cap. 150B$ can be explained with 30B$ in revenue (200M subs @ 150$ per sub per year) and a 20% net margin and a 25 P/E. I think they easily achieve those numbers and then much more.

The downswing appears to be mostly about concerns of competition, but competition has always been a worry and never actually materialized as a threat and I see no reason for that to change.
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