The following video is from Tuesday's edition of Investor Beat, in which host Chris Hill and Motley Fool analysts Jason Moser and Jim Gillies dissect the hardest-hitting investing stories of the day.
Netflix (NASDAQ: NFLX) has now crossed the 40 million subscriber mark and has more subscribers in the U.S. than HBO. Shares popped initially on the news but pulled back later in the day. One surprising voice warning investors that the stock price may have become a bit frothy is the company's own CEO, Reed Hastings. In the lead story on today's Investor Beat, Jason and Jim discuss Netflix's incredible run, and why they would be very wary of buying today at this incredibly lofty multiple.
Netflix and the future of TV
Americans reportedly spend nearly 34 hours a week watching television! With TV viewing taking up almost as much time as the average work week, the potential for profits in the space is enormous. The Motley Fool's top experts have created a new free report titled "Will Netflix Own the Future of Television?" The report not only outlines where the future of television is heading but also offers top ideas for how to profit. To get your free report, just click here!