The Biggest Mistake Netflix Bears Are Making

Netflix (NASDAQ: NFLX) has been one of the best-performing stocks of the last decade, returning 2,400% as the company has successfully transitioned from DVDs by mail to a streaming giant. Bears have long argued that Netflix's streaming advantage will eventually be eroded by new competition, which will steal market share as they make streaming a priority. In the same line of reasoning, they tend to believe that most of Netflix's original content is mediocre, implying that the leading streamer isn't even particularly good at what it does and that it would easily be surpassed by a dedicated competitor.