Netflix Is Worth Nearly $10 Billion

At 1:30 pm, the stock market is having a rough day. The Dow is off more than 119 points and the S&P 500 is down nearly one full percent.

Perhaps the most fantastically overpriced stock on the market is Netflix (NFLX) which has just bounded up to another 52-week high. The stock is up more than $100 per share since I called it “The Absolute Worst Stock to Buy Right Now.” Yeesh–not one of my better calls. I thought it was overpriced then and I think it’s even more so now.

The guys at Bespoke list some of the companies that Netflix is now larger than. This includes companies like Sara Lee (SLE) and ConAgra (CAG). Netflix is now worth close to $10 billion.

Only three stocks from the Buy List are up for the day: Eaton Vance (EV), Sysco (SYY) and Joey Banks (JOSB). Nicholas Financial (NICK) has been as low as $9.60 today which is off since it’s down $1 from its recent high despite there being no news on it.

Posted by on November 22nd, 2010 at 1:33 pm


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