Here's Why Netflix's Soaring Profits Will Likely Accelerate
Netflix (NASDAQ: NFLX) has been a runaway train for long-term investors, gaining more than 32,000% since its IPO in 2002 and nearly 4,000% in just the past decade. Among the most frequently cited reasons for not buying the stock are that the best gains have already been achieved, the company's ongoing cash burn, and the paltry profits the streaming giant has generated.
Over the next couple of years, however, Netflix could begin to throttle back on its massive content spending, reversing its cash burn and dramatically ramping up its profits. This combination of factors could provide a turbo-boost for Netflix stock and result in further gains for investors.
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Source Fool.com
