There are probably not many who actually achieved those kinds of returns, but investors today can learn from what happened. Let's take a look at the role software has played in the success of these businesses and how investors could profit from software going forward. By the time Netflix released its video streaming service in 2007, Blockbuster, its brick-and-mortar video rental competitor, was already in decline.
NXST vs. NFLX: Which Stock Is the Better Value Option?
For a number of years, I've been steering clear of Netflix (NASDAQ: NFLX) stock. My reasons for ignoring Netflix stock have little to do with how "expensive" the stock is. At 9.2 and 78 times trailing 12-month sales and earnings per share, respectively, the entertainment stock looks like a reasonable value given its growth using these two metrics alone -- and has for some time, in my opinion.