Netflix Inc. (NFLX)

He trimmed it this morning, but remains a large holding. He needed to pare it back. Doesn't care that a hedge fund is shorting it. Shares are a little ahead of themselves.

They remain the stop streaming. They had a head start producing company which is their moat. Other streamers like Disney+ are a distant second. But doesn't know what price to buy at. The PE needs to be a lot lower, though. Loves the company, not the stock.

A great example of a company that has been able to capture leader position in the market. Competition proving inability to compete. Would recommend holding, or buying on share price pullbacks. Ability to generate infinite content very strong. Business model very strong. 

He sold some excess, but likes it. They are the survivor and leader in streaming. They can still leverage pricing. And it's not expensive. It remains a core position.

They continue to hit on all cylinders: ad commitments are up 150% YOY, the ad tier is working, so is the password crackdown. Live sports is also working while their content library is strong.

In 2022, their cash flow went positive, and they will generate $10 billion free cash flow in 2026. They continue to grow revenue at 15%. Strong momentum.

The chart looks good. It is attempting to break through the old point of resistance.

Momentum was jump-started 3 quarters ago with excitement over them streaming live sports, namely NFL. $735 price target today by Wall Street is actually too low.

He's never owned it, but would have no problem doing so.

Absolutely buy at current levels. Stock fell on Friday after reporting very strong earnings on Thursday. Goes to show that predicting what a stock will do after earnings is a waste of time. The streaming wars are completely over; all across the globe, streamers are reducing their spend and starting to sell their stuff to NFLX.

Still very reasonable value, compared to taking your family out to a movie which costs a fortune. Will continue to add amazing programming. Thinks stock will earn ~$20 a share this year. Believes it can continue to grow at double-digit rates for a long time. New subscribers, raising prices, adding new service lines. For him, a stalwart.

Just reported: 8 million new subscribers, and ads growing 35% quarter over quarter, but the stock has done nothing today. The tech sector has run up a lot, though the growth is there.

Doesn't know if the company's going to beat on earnings today. Problem is that even if it beats, it may not beat by enough, or the guidance won't be good enough, and the stock will fall. In hindsight, you'll look at the chart and say "of course" the stock fell, it had already done so well. Too hard to predict.

Loves it long term. Part of his thesis is to own companies that will dominate the space for the long term, whether via the best assets, management or strategy. NFLX is eating market share from competitors.

Probably the leader in streaming. Content continues to attract subscribers. First to launch ad-supported version, going well. Good run. Difficult to anticipate price movement on quarterly earnings. Valuation too high for her. To add, wait for a general market pullback.

It reports next week. You can't buy it now because there's so much momentum. Buy it when expectations exceed results. Management doesn't care about quarterly performance, but the long term. Has seen several upgrades recently. Peers have raised rates, so Netflix is actually cheaper now. He may add shares even if they miss earnings.

Winning the streaming space with all its global subscribers. New high in projected revenues forecast for fiscal 2024. Continues to dominate subscription streaming service industry. Focus on sports and original content has allowed it to differentiate itself, building a loyal global customer base. No dividend.

Expanding footprint into EMs, significant source of more subscribers. Advertising-supported subscriptions will attract the budget-conscious, and gain ad revenue. Since 2022, clear uptrend channel of higher highs and lows. Looks as though it's about to break out above its late-2021 highs, which is significant. If it does, then the sky's the limit.

Sees 30+% EPS growth. PEG ratio is only around 1, fairly inexpensive compared to other communications names.