I recently decided to hold on to my stock (Netflix, Adobe and Philips) for a while, since advice was still mostly positive. I guess I should check how that's going.
Edit: I did. Fuck.
Though in all honesty, I don't see why a correction in China would seriously hurt the profits of Netflix. Maybe I should buy more.
I could see Netflix doing better in a recession, a few bucks a month for the entertainment it provides vs the cost of going to the cinema (two good cinema tickets here costs ~4 months netflix subscription).
Perhaps a more accurate description: provides entertainment vs the cost of a cable subscription. Plus, recession or not, they are riding the wave of chord cutting nicely.
Edit: I did. Fuck.
Though in all honesty, I don't see why a correction in China would seriously hurt the profits of Netflix. Maybe I should buy more.