Wednesday, March 31, 2010
by Ethan Epstein
In the face of naysayers who have long predicted its demise, (NFLX) has had a remarkable few years. In 2005, the Los Gatos, Calif.-based DVD rental service boasted 4.2 million subscribers and enjoyed net earnings of $41.9 million. Last year, the company netted $115.9 million, and its bright red envelopes made their way into the homes of 12.3 million subscribers nationwide. The company's NASDAQ-listed stock price tripled in that period (see chart).