Granted, Netflix isn't a stock for everyone. Given its rich valuation — the stock sports a price-to-earnings (P/E) ratio of nearly 50x — value investors will want to steer clear of the stock. However, ...
Netflix stock price sank, falling as low as $4.85 per share. In less than six months, Netflix had lost over half its market value. Finally, Netflix posted a profit for the first time ever in 2003.