MaDLabbit
02-18
$Netflix(NFLX)$  I continue to be bearish at the moment for Netflix. I think it is overvalued at 23 forward PE and EPS of $2.39.  It have uncertainty over its head with WB deal going on. The longer this uncertainty the worst for its share price. I expect it to drop further to $50 level. I will look to start to take position anything from $60 to $50 level. Do you think Netflix will win the deal?
Paramount Wins WBD! Netflix +7%: Can it Reclaim $90?
Netflix said it will not raise its offer for Warner Bros. Discovery after the board deemed Paramount Skydance’s revised $31.00 per share all-cash bid “superior,” valuing the company at around $108 billion. Netflix shares surged 9% after announcing it would step away, saying a higher price was no longer financially attractive. The company also stated it plans to invest about $20 billion in films and series this year and resume share repurchases. Did Netflix make the right call by walking away? Does Paramount’s higher bid reshape the media landscape?
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