Netflix is a dominant cash-printing monopoly.
Netflix is in a phenomenal position, continues to print money with tons of free cash flow for reinvestment or shareholder returns, and is a core holding. They masterfully handled the Paramount and Warner Brothers situations to reduce competition, solidifying their position as the top player in the entertainment industry with a monopoly-like advantage. The stock is relatively cheap compared to historical valuation, and strong leadership under Ted Sarandos and Greg Peters supports future growth in areas like sports and gaming.