Key insights
- An analyst expresses a bullish sentiment on Netflix (NFLX), citing a recent price dip, potential growth in live/PPV entertainment, and the perceived struggles of competitors like Warner Bros. Discovery (WB). The analyst believes Paramount's potential acquisition of WB could create debt vulnerabilities, benefiting Netflix. A small positive influence is assigned due to the individual investor's opinion and focus on company-specific factors rather than broader market trends.
Started a position yesterday so you know where I stand. P/E around 28 so not a great indicator, nice recent dip that's steadying imo. Traded in at 87 with 52 week lows at 76. Still open to picking more up in case momentum continues down like it did this week.
Got paid out for their time on the WB deal fallout, still poised well enough for growth in the live/PPV side of entertainment, and the stock has been taking a bit of a hit based on the WB deal being priced in early in the process.
A lot of my thesis is more about the competition floundering and less about Netflix, but I still am confident in the company fundamentals. Anyway, whether it's management, IP rollout misses, lack of content, pricing or any other issue, I still think Netflix offers a solid product compared to just about any other major streaming service. I also have always thought that Paramount consuming WB entirely would put them in a very vulnerable position with debt, which is a boon to NFLX.
Also loving all these CRM posts, that price is looking much more enticing at close today. Hard to say what happens tomorrow.