Thread: Netflix

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  1. #1
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    Netflix

    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.

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    #2
    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.

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    #3
    I’m a buyer…gotta love fire sales on great names.

  4. Stocks/Investments Moderator boneil's Avatar
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    #4
    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

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    #5
    Quote Originally Posted by boneil View Post
    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.
    They definitely have pricing power. They are dipping their toes into gaming now so that should be interesting.

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    #6
    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.

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    #7
    Quote Originally Posted by Landar View Post
    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.
    Yep. That is the same reason I sold Disney when it ran up.

  8. Stocks/Investments Moderator boneil's Avatar
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    #8
    Bill Ackman just picked up 3.1 million shares. He's a top 20 holder now.
    Thanos was the hero

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    #9
    Quote Originally Posted by boneil View Post
    Bill Ackman just picked up 3.1 million shares. He's a top 20 holder now.
    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.

  10. Stocks/Investments Moderator boneil's Avatar
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    #10
    Quote Originally Posted by TampaJim View Post
    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.
    Yeah, I have no interest in it. I still think NFLX best days are over, but I thought the same thing on AAPL. Maybe he sees something.
    Thanos was the hero

  11. idbefishing
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    Wouldn’t surprise me one bit if NFLX tags 500 by Friday close

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    #12
    Some talking heads are saying 350.

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    #13
    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…

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    #14
    Quote Originally Posted by Tfall View Post
    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…
    Yep ... and a good reason to invest in the market and not a particular stock.
    Nowadays, very little of it makes good sense. Sure isn't the same Wall Street.
    Swear they'd bet on a little dog to choke an alligator to death ... and win.

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    #15
    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).

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    #16
    Down 20% after hours to around 275.

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    #17
    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.

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    #18
    Quote Originally Posted by Tfall View Post
    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.
    Just about right. Looks like it is down 37% now.

  19. Stocks/Investments Moderator boneil's Avatar
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    #19
    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

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    #20
    Quote Originally Posted by boneil View Post
    If FB can get down to a 14 PE while still having growth, what does NFLX deserve? losing subscribers and tightening environment
    I think when I looked yesterday the PE was still around 31 time so I think it needs to drop by half from here.

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