
NASDAQ:NFLX
It's her least favourite stock in the original FANG, because there's a ton of competition in this space: Apple, Disney, Paramount, HBO, NBC, etc. She thinks people still start culling all their streaming subscriptions. Also, their new slate of content will mean huge costs. As competition increases, it'll hurt Netflix's margins. It comes down to subscribers, a number they really missed last quarter. Their guidance is only 1.5 million new subs.
The story is getting better, not worse. Expected to reach cashflow positivity in the near future. Content is now critically acclaimed. Catalogue is much bigger than Disney's. Hold until there's no more cable TV. No dividend. (Analysts’ price target is $591.39)