Netflix a Short-Term Sell? Or a Long-Term Buy?

4/21 - "It has been the case time and again in recent memory: Wall Street is less about “what you’ve done for me lately” than about “what you plan to do for me next.” That was a lesson served anew today to Netflix which reported decent earnings after the close of markets but disappointed with their forward projections...Revenue is now forecast at $1.35billion to $1.39billion, up from a range of $1.345 billion to 1.385b), (but) the company lowered projections for per share earnings to a range of $1.16 to $1.29 (emphasis on the midpoint of $1.23). Analysts had been expecting about $1.25 a share."

"The market’s reaction may prove excessive over a longer time horizon. Part of the earnings shortfall is likely due to future investment that could bring positive results. More specifically, Netflix has been in the process of building a next generation delivery system (...