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Everything went in Netflix's favor, and the trading multiples almost didn't matter because

the momentum was positive. The enthusiasm was there, the brand was strong. Now that's

basically been offended.

Welcome to the Baron Streetwise Podcast. I'm Jack Howe. The voice you just heard is Tim

Nolan. He's an analyst covering Netflix, which is down a lot from its high. Tim just

downgraded the stock to sell. In a moment, we'll hear more about why. And we'll talk with another

analyst who upgraded Peloton, the exercise bike company after an enormous stock decline there.

Let's try to learn not just more about these particular companies, but also about a decision

facing many investors now. How to tell whether a big drop for a growth stock is a buying opportunity

or a time to cut losses and move on. Listening in is our audio producer, Jackson. Hi, Jackson.

Hey, Jack. What do you use for exercise equipment these days? I got an old bike. I just

replaced the tires. And what do you do? You hook up a screen to it. I mean, how do you get at the

stage still while you do your virtual touring? I go outdoors. I guess that's one way you can do it.

I think I might have broken the connected fitness movement. A year ago, we had the founder of Nordic

Track on the podcast. We also talked about Peloton and Hydro and the popularity of exercise

machines with big screens and interactive workouts. And months later, I bought some machines,

not because it made sense financially, but because I didn't ask for this pandemic. And if

deploying some extra capital can help my family keep its sanity, it's worth it. And I haven't

...