Outside the Box: The Netflix selloff is just a hiccup in a great growth stock

Netflix stock has slumped about 10% following a surprising drop in U.S. subscribers during the second quarter. Investors now have to decide if this is a dent in the armor or time to throw up the surrender flag and sell.

I believe the Netflix NFLX, -1.25% story is still very much intact, and this weakness is a great opportunity to buy the stock.

The bears are coming out of the woodwork as concerns abound over the competition it faces. No one is denying that there are many companies streaming content. It is a fact that the field is about to get even more crowded.

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