$NFLX at 250x~ EPS | EV/OP at 175x. If $NFLX increased earnings 9x to $6B it would still have a P/E of 30~. Mediocre margins, unsustainable business model. If $NFLX isn't indicative of euphoria then what is? Absolute insanity. #ValueInvesting #stocks
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Replying to @ValueIdeaLog
First off, huge fan of Aurelius. As for
$NFLX, the original content thesis is a case of "aggressive growth that promises tomorrow". Impossible to say what that looks like, and implies exceptional continued performance which is unlikely.0 replies 0 retweets 0 likes
Replying to @ValueIdeaLog
Certainly the dynamic's changed. My primary problem uncertainty for $NFLX, investor expectation, future of content, sustainability of biz model, and competitive landscape. The more competitors, the more tepid the pricing power thesis is. What do you suppose a realistic EPS is?
2:26 PM - 4 Jul 2018
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