MoviePass Stock Is No Netflix
You don't need to look hard to find the market's hottest stock over the past month. Shares of Helios and Matheson (NASDAQ: HMNY) have soared from $2.50 to $32.90 in that time, a scintillating 13-bagger that some investments take a lifetime to achieve.
Helios and Matheson is the majority stakeholder in MoviePass, the multiplex smorgasbord that turned heads this summer when it slashed its price to $9.95 a month. A celluloid buffet for less than $10 a month drew immediate comparisons to Netflix (NASDAQ: NFLX), but it wasn't a fair comparison then given the limitations of the MoviePass product and the larger stumbling block to profitability. It's also an obsolete comparison now that Netflix has bumped its monthly cover charge to $10.99 a month.
Image source: MoviePass.
Source: Fool.com
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