Cramer's Netflix Bull Run: A Stock in Search of Earnings Justification Jim Cramer, host of CNBC's Mad Money, has been a vocal supporter of Netflix (NFLX) despite the company's recent struggles.
His endorsement of averaging down on the stock is just the latest example of his faith in the beleaguered streaming giant. However, beneath the surface, cracks are beginning to appear in Cramer's thesis.
The company's stock price has taken a beating over the past year, falling approximately 15% below its original purchase price.