Just saw Netflex Q1 financial report and dropped 25% and declining. Is it the beginning of an end of an era ? Bear market coming ? Meta dropped in the last reporting. Could the same scenario play out as Meta report next time ?
There’s a company named “Drop”?
they make audio equipment, not half bad actually
you really are not into audiophile gear and keyboards huh ?
That’s two 25% drops? Insane. Is the stock a buy now? I still like it the best out of the streaming services.
In what way? Sure ux and reliability is great. But disney+ and hbo are killing it with great content!
I have Disney plus and netflex now. And tried other streaming services such as YouTube tv, Roku. I preferred netflex but the market is looking at subscriber increase as a key indicator.
Stock is a 0
P/e is 33, they could easily drop below 200.
What’s the Pe average now? Around 17 ? With this point of view, quite a few tech companies are way overpriced
As if all the stocks are following p/e
Netflix is not the stock market. Netflix's content sucks. I have predicted this a year ago. Netflix is not a tech company, it is a content company so it should be valued as a content company.
you must be very smart
No, I am not. I just hated Netflix. HBO Max is much better. Even Amazon Prime is better than Netflix.
I am a buyer at $120
I was thinking 180 and then set a sell Price at 240
NFLX bear has aWOKEn
The bears are coming out for sure
Easy technology money coming to an end. As Warren Buffet said - "only when the tide goes out do you discover who's been swimming naked." Companies that aren't built on solid foundations, but just the promise of never ending growth, will fall. The strong will survive by building moats. The weak will lose everything.
Once The downward momentum started it’ll swing then create more downward pressure. Market psychology is fragile now and the FED might make it worse
What if Netflix stops pumping out woke slop and start producing good content again? Or are they going to hang themselves further?
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No way
Not near term but sometime next year the bear might be coming