The price of Netflix (NFLX) dropped 41% during the past month.
Its price earning (PR) ratio is now at 32.0.

I still find it too expensive. 
A month earlier, its PE ratio was  52.4.
This show the risk of over paying for growth stock with high PE ratio. 

Furthermore, Netflix does not have a dominant market in streaming services. It has to compete with Disney and other platforms. It does not have any distinct advantage.

I will not invest in NFLX as it is still too expensive. 

Note - This is a personal view. I am not giving investment advice. 

Tan Kin Lian