Netflix stock is down 50 percent this month and I see it as an incredible buying opportunity

The popular story is that subscriber growth has slowed, and that’s true to an extent.

But a more careful look at the numbers reveals something interesting. Netflix shed subscribers because they shut down their Russian operation because of the Ukrainian invasion. Quoting the Washington Post “The streaming service lost 700,000 subscribers when it pulled out of Russia after the Ukraine invasion.”

Let’s look past the Russia numbers. Netflix lost a total of only 200,000 subscribers, which means that they actually gained 500,000 subscribers worldwide, but lost 700,000 in Russia for a net total los of 200,000.

First of all, we who support democracy should support this company, by subscribing and considering buying the stock. . In my opinion companies who continue to do business with and in Russia should stop.

Its a normal instinct to want to buy stocks as they are going up, but remember Warren Buffets advice “Be greedy when others are fearful and fearful when others are greedy.”

The smartest people I know work at Netflix, I believe they have lots of innovation ahead of them.

The stock is recession resistant because the company can add new content, adjust prices, offer discounts and is an inexpensive source of hours of entertainment.

This is not intended as investment advice, all investments involve risk, invest carefully and check with your investment professional.