by Anura Guruge
on July 18, 2023
I watch ‘Netflix‘ near nightly — & have done for at least the last 5 years. So, I have a fairly good feel as to what they offer & what I can avail myself to.
Netflix has a TON of overseas content, some of it quite well dubbed into English, from across the Globe, e.g., Chile, Spain, Italy, S. Korea, Vietnam, etc. etc. And that is outside of its huge trove of ‘Bollywood‘ movies. So, as far as I can see, they should experience much, if any, content shortage in the next 6 months.
So, methinks, that Netflix will do OK at least till December 2023.
They might even do betters than others given that they already have more compelling content than most. So, especially with their Ad-supported, cheaper subscriptions, they might even increase their user base — which will be good for the stock.
We, i.e., I & my daughter, have owned ‘NFLX’ for a longtime (though to be fair our holdings are modest compared to our other FANNG/’Magnificent 7′ holdings). On Friday I checked to see IF I wanted to sell. I decided against.
Yes, here I am talking about Netflix on their own strengths/weaknesses & fundamentals.
IF we have market meltdown because of recession, further inflation, geopolitical instability, Netflix, of course, will take a hit. I am not overly concerned by that. We ride market fluctuations like that, & have successfully done so for 20 years.
All I wanted to check was whether NFLX would be OK in 3Q2023. I think it will. I could, as ever, be wrong. 4Q2023 should start off similarly, but by Christmas, if the STRIKE is still ongoing, Netflix could start seeing some subscription ‘pressure’.
