2024-04-19 03:09:31 ET
Summary
- Netflix's decision to phase out reporting quarterly membership figures caused uncertainty and a stock sell-off.
- The lack of transparency in membership figures suggests the Company is no longer a growth stock.
- Despite this, paying 24x forward free cash flow for NFLX is an attractive opportunity for investors.
Investment Thesis
Netflix ( NFLX ) delivered Q1 2024 results and the stock sold off. And why wouldn't it? After all, the one thing that investors positively hate is uncertainty. Uncertainty comes a close second to bad news....
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Netflix Q1 Earnings: Uncertainty Led The Sell-Off, But There's More To This