Wow. 20% drop after earnings. About 100 dollars a share drop. I don't own any but investors are really punishing some of these names.
Wow. 20% drop after earnings. About 100 dollars a share drop. I don't own any but investors are really punishing some of these names.
Still about 10% higher than the first lockdown, post market trading.
Considering the new competition, and the price change ... it's due.
At this point, we're probably about to see a lot more corrections.
I’m a buyer…gotta love fire sales on great names.
At this point, who doesn't know about NFLX? Subscriber growth will always be slower now. Thats why I don't see myself buying any. I feel like their only way to grow earnings is to raise the price.
Thanos was the hero
Like Netflix should have ever really been $500 a share. At $400 a share it's still extremely overpriced. All kinds of streaming platforms now.
Bill Ackman just picked up 3.1 million shares. He's a top 20 holder now.
Thanos was the hero
Wouldn't sell it at $350, but sure wouldn't buy extra. It's still overvalued.
Netflix has a high cost structure. SVOD is both overly saturated & pirated.
IMO, the long play is profit thru acquisition, not revenue and/or growth.
Going to assume that's the angle, buy what someone else is considering.
Thanos was the hero
Wouldn’t surprise me one bit if NFLX tags 500 by Friday close
Some talking heads are saying 350.
Netflix CEO Reed Hastings picked up 20million worth of stock on the open market between 375 and 393 last week. It’s at 457 now…
I never thought it was a great name and not impressed with its balance sheet. It’s value got inflated in the post pandemic run, but water is finding its level now. Not that it would never see a run up again, but that’s not a reflection of value as much as the impulsive frenzy that drives prices up (or down). I don’t believe they have pricing power (I know I’ve cancelled my subscription more than a few times in the past).
Down 20% after hours to around 275.
I bet it’s down around 30% tomorrow.
Sounds like pulling out of Russia had some affect. The other streamers are getting hit after hours too.
If FB can get down to a 14 PE while still having growth, what does NFLX deserve? losing subscribers and tightening environment
Thanos was the hero