Gannon on Investing had this to say about Netflix:
Direct DVD purveyor Netflix (NFLX) has dropped a lot recently. It's an interesting business. The stock is also a lot cheaper than it looks. Read the reports.
Yes, I know about Blockbuster. No, I'm not officially recommending the stock or anything – I'm just saying there are 10,000+ viable investment opportunities for individual investors focusing on common stocks; at the moment, Netflix looks more interesting to me than something like 97.5% of those names. You've probably heard of the company. You could conceivably get comfortable with the business. If you've had enough of those Grahamian "cigar butts" you need to flip every few months to every few years and you're looking for a one decision stock – do the homework on Netflix. At the very least you'll know more about an interesting business.