I know where I stand when it comes to Netflix (NASDAQ:NFLX). I thought the model seemed loopy when the company went public in May of 2002. I changed my tune a few months later, and I have been rewarded as both a subscriber and a shareholder ever since.

Naturally, Netflix requires a different kind of dissection these days. The service has grown to serve more than 4 million members, and the shares have also risen sixfold since I bought in, even while the challenges of a stronger Blockbuster (NYSE:BBI) and the threat of video on demand from more powerful cable providers such as Comcast (NASDAQ:CMCSA) looms larger and larger. Netflix remains one of my favorite Motley Fool Stock Advisor recommendations, though I am more open to hearing both sides of the story these days.

That brings us to this week's throwdown. Anders Bylund makes his Dueling Fools debut, arguing in favor of the DVD-rental specialist. Chuck Saletta returns to counter that the signature DVD mailers aren't the only reason investors should be seeing red.

Does Netflix belong in your portfolio? That's what this week's Duel is all about.

Duel on!

Longtime Fool contributor and Motley Fool Rule Breakers team member Rick Munarriz owns shares of Netflix. The Motley Fool has a disclosure policy.