Netflix, Inc. ($NFLX) Possible Buy to $119 Confident Investor Rating: Good

The following company description is from Google Finance: http://www.google.com/finance?q=nflx

Netflix, Inc. (Netflix) is an Internet subscription service streaming television shows and movies. The Company’s subscribers can watch unlimited television shows and movies streamed over the Internet to their televisions, computers and mobile devices and in the United States, subscribers can also receive digital versatile discs (DVDs) delivered to their homes. The Company is organized into two operating segments: United States and International. The Company obtains content from various studios and other content providers through fixed-fee licenses, revenue sharing agreements and direct purchases. The Company markets its service through various channels, including online advertising, broad-based media, such as television and radio, as well as various partnerships. In September 2010, the Company began international operations by offering an unlimited streaming plan without DVDs in Canada.

Confident Investor comments: At this price and at this time, I think that a Confident Investor can confidently invest in this stock. I fully understand that this stock has taken a big beating lately. If you did not liquidate your holdings in NFLX in August, I sympathize with your pain. As Jim Cramer often says, “It isn’t where a stock has been what is important is where it is going.” Every indicator is that this stock will increase in price but you should still watch this stock with an eagle eye. I wrote a few days ago that the stock was probably undervalued.