Netflix is quite cheap despite poor stock performance; the speaker became interested around $70 because of recurring revenue, reasonable predictability and a valuation becoming much more attractive, though growth is not fast.

Think of something like Netflix. Netflix is quite cheap and the stock has performed poorly ; Recently, I became really interested around 70 dollars because Netflix has recurring revenue.

They are not growing that fast, but the company is reasonably predictable and the valuation is becoming much more attractive.