Before you pile on and say ‘fuck yeah, no one watches Netflix content’, take a look at this chart.
That’s a harmonious symphonic melody of uninterrupted growth. Pray tell me, how do you think that happened? Do you believe people enjoy watching 5 year old, stale, movies, or maybe the original content?
Enter Michael Pachter from America’s worst investment bank, Wedbush.
In the clip below, Michael takes exception with Netflix’s cash flow negative situation, concluding that the company is making investments that aren’t paying off on the balance sheet. Where have I heard this argument before? Oh, that’s right, $AMZN for the past 20 years.
While it’s true, the valuation for Netflix’s shares are extreme and perhaps a little rich, this Wedbush retard is making wild eyed assumptions without backing them up with facts. This is fake news, via bad investment bank.
The whole premise behind the story is subscription growth — which is directly buoyed by original content. You cannot have one without the other.
Another case of retard level thinking, courtesy of Wedbush.
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Lots of kids out of college living at home with mom and pop paying for everything including Netflix.. they watch 6+ hours a day. I know a family member who does nothing but watch it all day long. Reruns to new shows, to everything. No TV whatsoever. Just Netflix until they pass out.
I can’t wait for DARPA to greenlight their Netflix technology to trigger all of these kids to go ape.
I think that was the plot of Halloween 3. Or Looker? Showing my age there. Ah, the early 80’s.
I remember that.
bought your TECK….wtf it is down everyday
This idiot was bearish on Netflix when it was under $100 before the split. This was before even Icahn got in. How does this guy still have a job?
Pachyderm has been down on Netflix since it was selling for $3. No exaggeration. He would post the most inane horseshit daily about how Blockbuster was gonna crush Netflix. Every. Fucking. Day.
TECK is a wreck
TECK is not for the faint of heart.
You shouldn’t trade other peoples picks.
TGB sold off a royalty stream to OR.to for 33M
OIH having a nice day…. sector is moving into a seasonal period of strength…
Just wait until APPL buys them. #justsayin
The ANALysts at Wedbush have been trashing Netflix since it was 60.. a rare combination of stubborn and stupid.
$60? Try $3!
Wedbush are still trying to figure out how to attach netflix to their VCR.
Case in point: I watch nothing but the New York Giants and Louisville Cardinals, save for the occasional election night frisson from Rachel. My wife has instructed me: we will watch “The OA.”
Sufficiently buggalicious. Better than Bonanza.
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