Author is heavily long NFLX, arguing the pending WBS acquisition gives Netflix a content monopoly and that the stock is a steal after a 30%+ three-month decline.
NFLX — LONG The author argues NFLX is an absolute steal after falling over 30% in three months despite beating expectations, and that the pending WBS deal will give Netflix a monopoly on the movie industry from production through streaming. The stated catalyst is the WBS acquisition closing, which the author believes is nearly certain and would drive NFLX up 50% this year and toward 200 within three years. The author notes NFLX is volatile short term and could fall as low as 75.
NFLX is currently down 30+% over the last 3 months, and is currently looking to be down another 5% after the long weekend.