Why I Changed My Mind and Bought Netflix Stock

I've been skeptical of Netflix (NASDAQ: NFLX) for years, but 2023 was the year I started warming up to the idea of finally buying. For one thing, I needed a few stocks to replace my long-term market-losing position in Walt Disney (NYSE: DIS), which I finally exited after the most recent rally. It's a late decision that cost me, as Netflix has been the obvious outperformer over the last year-plus since I put Disney on the chopping block.

In fact, much of the traditional media industry is a mess right now, with the exception of Netflix. Here's what finally pushed me over the edge to pull the trigger on Netflix -- even after the stock doubled in the last year.

Continue reading

Source Fool.com