4 ms·
I'm not short Netflix because of subscriber count. I'm short Netflix because of their accounting. Capitalizing Stranger things season 1? Sure, makes sense, why
by neural_thing 7y ago
I'm not short Netflix because of subscriber count. I'm short Netflix because of their accounting. Capitalizing Stranger things season 1? Sure, makes sense, why not. But Stranger things season 3 is a lot closer to COGS. Their real income statement at this point in their growth curve (full saturation in the US) should be a lot closer to their cash flow statement, which is horrendous.
- testfoobar 7y agoGet outta here with your old-fashioned fundamental analysis. But seriously, 10+ years of central bank intervention has dumped so much liquidity into the market that the old saying "“The market can stay irrational longer than you can stay solvent" might as well be "The market can stay irrational."
- riffraff 7y agoWhat's COGS?
- neural_thing 7y agoCost of goods sold