Beginning Position in Netflix (NFLX)
June 23, 2010 at 13:09 PM EDT
While caution on the market in current state, I will continue to maneuver the portfolio a bit in case I am wrong. Netflix (NFLX) will be the 2nd name to the wing of the portfolio known as names where valuation does not matter. (NFLX comes in at a salty 45x forward estimates) [...]