Small Cap Stock 4 – Netflix (NFLX)
Netflix Inc. (NASDAQ: NFLX) announced spectacular earnings results for the second quarter, and for the third quarter the analyst community is expecting another blowout performance. The company’s sales are predicted to rise +30% and earnings are forecast to grow +38%. As a sign of confidence in its stock, Netflix recently announced a $300 million stock buyback plan that will implement through 2012. This stock has had a red-hot run in recent months, including gains of +140% year to date. But the run isn’t over yet, and I’m recommending investors buy Netflix at any price below $140.