Tuesday, October 11, 2011

Netflix Earnings Multiple Still 26x

Netflix stock's stunning collapse continues even after the company decided not to break the company up into two pieces.  The stock is extremely close to breaking the $100 barrier, which is almost 70% lower than its peak.  Amazingly though, despite the drop, the stock still trades at a robust 26x earnings, suggesting that it could have further still to fall.

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