NFLX - Netflix Remains A Long-Term Idea But No Binge-Buying (Wait For Price Drops)

2024-02-03 00:59:29 ET

Summary

• Netflix seemingly declares victory in the streaming wars with a triumphant earnings report.
• The company's subscriber growth and cash flow continue to impress.
• Advertising shows great promise, but Netflix needs more innovation to stay ahead of the disruption curve - merchandise sales is one example.
• The rise in the stock has made it more pricey, but at the same time, some metrics are favorable.
• I am calling the stock a long-term buy for patient investors, but at the same time, buy very opportunistically.

Netflix ( NFLX ) seemingly declared that the streaming wars were finished with its triumphant fourth-quarter report (issued on January 23, 2024) and celebratory conference call . At the very least, I have heard pundits declare as such.

I'm not certain that the wars are finished in a definitive sense, but it was a nice report, and the price action defined a victory of sorts. ...

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