Netflix Is Down 46% -- Here's Why I'm Buying More

Netflix stock has declined 46% from its peak as earnings growth slowed and management reduced disclosure on viewer engagement. However, the author argues the sell-off is excessive, highlighting Netflix's strong free cash flow generation of $12.5 billion annually, effective content spending, growing subscriber base of 325 million, and expanding advertising revenue. With the stock trading at 28x free cash flow and potential for significant future growth, the author views it as an attractive buying opportunity.