Here's Why Netflix Belongs in Your Retirement Portfolio
When Netflix (NASDAQ: NFLX) missed its subscriber projections in the second quarter, some analysts proclaimed that the streaming service's era of massive audience growth had come to an end.
That was a foolish proclamation, because this company has a long history of following down quarters with ones that exceed expectations. The streaming giant now has nearly 159 million global members, and its revenue growth has been consistently over 20% each quarter. (For example, it was 31.1% in Q3.)
Netflix may not always meet its short-term targets, but it has shown that it can deliver on a longer-term basis. The company does have huge and ongoing content creation costs, but even those will someday ease off, making it even more profitable, and a great stock for your retirement portfolio.
Source Fool.com
