If there were a stock market “hall of fame,” Netflix (NFLX) would be a shoo-in.
Its stock has soared 8,500%+ in the last decade as “streaming” video has caught fire.
Netflix achieved those gains by stealing tens of millions of customers from cable companies. Last year, half of Americans age 22–45 didn’t watch a second of cable TV. And 35 million Americans have dropped cable in the last decade.