You have to keep in mind that they are a near-monopoly which most likely adds some attractiveness to fund managers. Plus, I think there maybe be a bet on growth in foreign markets.
But judging from their financials, I think you may be at least partially right, at least in comparison with some other outfits I was involved with in the past.
https://www.google.com/search?newwindow=1&tbm=fin&q=NASDAQ:+NFLX
You have to keep in mind that they are a near-monopoly which most likely adds some attractiveness to fund managers. Plus, I think there maybe be a bet on growth in foreign markets.
But judging from their financials, I think you may be at least partially right, at least in comparison with some other outfits I was involved with in the past.