Netflix Inc. (NFLX)

It's been through the war and is still alive. Lots of upside. They have a weakened competitor.

She doesn't own it yet, but with the end of the Warners deal (NFLX pulled out), investors can now focus on their strong fundamentals.

Always look to where the fires and disasters are. Street kept selling and selling, and his firm kept buying to a 5% position. Great company, fantastic library, great position. Not the end of the world to not get WBD, and Paramount needs NFLX for distribution. Profits are growing.

The Warners deal has impacted NFLX with concerns over how much debt NFLX would take on. Also, some ask why they want Warners? He thinks Netflix is a great company whether they buy Warners or not. If they don't get Warners, NFLX will receive a break fee. NFLX shares are near 2022 lows. NFLX continues to grow subscribers and revenues in double digits. He sees Warners as a good pick-up because NFLX would drive penetration of HBO and Warners content globally. There's a huge runway. NFLX could still keep movies in theatres or syndicate shows to third parties. 

More of a contrarian play. Lots of noise. Continues to strengthen its competitive positioning. Only platform with true global distribution. Sustainable, positive FCF. Pullback is opportunity. Subscriber trend remains solid. Foray into live events is positive. No dividend.

His team has been circling this one. Valuation of 24x PE much more attractive and reasonable now. Topline growing 12-13%. Go-to streaming offering. Continues to joust for the WBD asset -- it wants just the streaming business, whereas Paramount wants the whole thing. Trump's weighed in (as he does on everything), so it's going to come under regulatory scrutiny for a long time, and that will be an overhang.

Looking good at these levels. Great execution. Likes the underlying fundamentals.

Challenged of late because of concerns about spending to acquire WBD and is that worthwhile? Long-term aspects of the deal indicate that NFLX will be such a big content and media provider that it can beat out all competition.

Subscriber base continues to grow. Despite capex spend, still sees ~20% earnings growth going forward. Trades ~24x forward PE, not expensive. Likes it, but market's pummeling it. Approaching support levels. If you don't own, add slowly and see where it goes.

Fallen below 200-day MA, which is starting to turn -- a bit concerning.

Is holding on. Yes, there are issues concerning the Warner Bros. deal, but this is the best streamer. He owns the best companies. Will reconsider if there are bad operation moves.

She wants to own this stock. The PE is finally coming down to buy. But she has no idea how AI disrupts this business.

Sold Netflix. He had enough. It was a winning trade, now losing. He was long at $66 and it will bounce, but what can he do? He can't watch the stock go lower and lower.

Is too expensive and avoids it. It's come down a lot. They've done a great job with its business. Shares got ahead of themselves.

Once again, a name that's shooting out terrific results. Yet the market's focused on one thing -- is it going to get WBD? No one knows. All he knows is that it reported 13% revenue growth last quarter, and guided for near 20% profit growth going forward. Adding new programming all the time and new subscribers. Pricing power. 

Not worried about how much $$ to be spent if it gets WBD, because they'd be paying a pauper's price for an amazing quality business with some of the best IP. At 20x PE for one of the world's best companies, you'd be silly not to buy it here. No dividend.

He actually likes the Warner Bros. deal to acquire the best movie studio in the world.

No company has pivoted more successfully than Netflix. Are pivoting now, wanting to buy Warner Bros. for its content--he's not sure about it. The organic business is still growing, but the big question is what will happen to Warners? If they buy it at full price, it will give them great content, but not growth.  At 30x PE, it's a full multiple.