[sgbuffett]

Just a few months ago the stock was $700.

Netflix just shows you what happens when you purchase a high growth stock with rich valuations (high PE, etc).

The company actually reported better than expected earnings with 9% revenue growth. But the valuations even after a 70% drop are seen as too high.

Of course of he keeps dropping at some point it will be worth buying. If you look at it as a value stock with slow growth or flat growth it is not attractive at the current price.

Growth companies maturing will eventually come ...some earlier others later. Yesterday's star become just another company.