Could Netflix Be a Millionaire Maker Stock?
Netflix's (NASDAQ: NFLX) persistent lead in the global streaming TV industry has created many millionaires among its long-term shareholders. Since 2007 when the company started pivoting away from the DVD-by-mail business, the stock price has soared more than 16,000%, compared to a 180% gain in the wider market.
It's a much bigger business today, but Netflix still has a long runway for growth ahead as it expands into international markets and deepens its content offering. So let's look at a few of the ways the streaming video leader might continue posting outsized returns for investors from here.
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Source Fool.com