Have Fun Storming the Netflix Castle

It seems as if everybody's gunning for Netflix (NASDAQ: NFLX) these days. Media giants are in various stages of shacking up. Tech behemoths are investing in original content. Hulu is winning Emmys.

It's easy for bears to wonder why Netflix stock hit another all-time high earlier this week at a time when it's in everybody's crosshairs. Every tech, media, and telco wants to be the next Netflix. Somebody is going to leave a mark, and it's certainly not impossible that one of these well-funded fat cats will be the next king of the hill.

The problem is that naysayers have been writing Netflix's obituary for years. It's been 57 months since I wrote a "Good Luck Killing Netflix" article, downplaying the same concern of mounting competition. Netflix would go on to become the S&P 500's biggest gainer in 2013 and 2015. It's smoking the market again in 2017. The stock's been a seven-bagger in that time. Netflix isn't likely to be a seven-bagger through the next 57 months, but there's no reason why it can't keep beating the market as it climbs this seemingly never-ending wall of worry.

Source: Fool.com