πππI believe
$Netflix(NFLX)$ will close Green at USD 77 on Thursday post earnings. Having suffered a brutal multi month drop from its April high of USD 107.79 down to USD 73.53, Netflix enters this earnings call trading near its 52 week support floor of USD 70.86. It is currently trading at a forward P/E ratio of just 23.7x. This is a massive discount compared to historical averages.
A positive update regarding Netflix's new USD 3 billion advertising tier will be great news for investors. It will also squeeze short sellers who are heavily betting on a 5th straight earnings collapse.
Is Netflix a good buy currently?
Yes I believe it is oversold and undervalued. Netflix's dominant global market share with over 325 million paid subscribers, remains the undisputed king of digital entertainment streaming business.
@Tiger_comments @Tiger_SG @TigerStars
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