The reactionary commentary to NFLX earnings report is kind of interesting…
It’s basically saying the only true advantageous value in a company is to grow every quarter for the rest of eternity…
And as soon as there is a speed bump, “we hate this stock, it is worthless, and should be bought out!”
Now, what in the actual f**k?
I don’t want to discuss NFLX as a company. What I want to discuss is the insane the investor sentiment shift.
You know what? McDonald’s had some speedbumps… “Supersize Me,” gluten-free craze, freedom fries, global pandemic, etc. it’s doing great…
And it had plenty of competition in Burger King, Wendy’s, White Castle, Carl’s Junior, and Arby’s.
They are all doing fine.
You don’t have to be a monopoly to succeed.
And if a company can’t dynamically thrive in a competitive space, well… but how foolish to assume that it won’t.
And I’m not suggesting anyone buy NFLX stock. What I’m suggesting is stepping back and evaluating the big picture.
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