Rich Greenfield brought his A game and straight bowled on these clowns. He had his bullet points out and memorized. His delivery was pristine and his logic was profound. I’m sure all of those mental midgets on the set will be buying NFLX stock in the pre-market tomorrow.
Greenfield says shut the fuck up and buy the dip. Netflix is heading to $130.
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Rich is in la la land. The entire street is on NFLX. Domestic is slowing and international isn’t nearly the business people think it is. Rich expects the international business to swing to 30% margins and his “bear case” is 25% vs big ass losses currently and for at least the next few years… No talk of what this stock is worth if international never scales. NFLX had first mover advantage here. They don’t overseas and a lot of markets don’t have the infrastructure to support streaming. Plus, pay tv is much cheaper overseas than here so the company doesn’t have nearly the price gap between its alternatives.
I want to own the stock at some point ($60-$70 maybe), but expectations and valuation need to come WAY down.
I just called Rich and he said to STFU and buy the stock.
Well, thanks for calling him. Remind him he’s old as fuck and to knock off the stupid hash tags next time you have him on the horn.
I told him what you said and he asked for your address. He now wants to kill you.
I welcome the challenge. I’ve been waiting on something to test my cannon on.
$NFLX where it stands today is trading at 85X 2018 EPS under the assumption they will meet the analysts targets. Seeing the competition they face now and knowing that is accelerating, why would anyone be comfortable buying the stock here?
How many times your blow been cut bro?
NFLX is yet another case of good company with overpriced stock due to high name recognition among retail investors. Not even professional analysts can make a fundamental, bottom-p justification ofr NFLX at these prices.
NFLX is so old fashion. Can we throw wild-fire on TSLA? When’s that snake-oil stock going to dry up
I’ll buy some NFLX here.