3 Big Reasons to Buy Netflix During the Market Sell-Off
It's been a rough year to own consumer goods and technology stocks. Shares of Netflix (NASDAQ: NFLX) have been crushed, down 45% year to date. That performance trails the 19.6% decline in the Nasdaq Composite index.
But investors need to remember that Netflix is a business with revenue and profits and a valuable content library. The business is worth something.
Netflix is coming off a year where it posted double-digit revenue growth, and management's pivot to improving profitability and paying down debt is adding value to the company even if it's not immediately reflected in the stock price.
Source Fool.com
