Save the Netflix Bears. The Market Needs Them.
Even investors who disagree benefit from the perspective of analysts like Michael Pachter.
Change your perspective.
Photographer: Jason Alden/BloombergNetflix Inc. is such a confounding company.
It is by far the most dominant company in streaming video — and streaming video is plainly the future of television. Its first-quarter results, unveiled last week, show that it’s closing in on a staggering 150 million subscribers. It is available in 190 countries. Its streaming technology and sophisticated use of data are unparalleled in the industry. Chief executive Reed Hastings and chief content officer Ted Sarandos are foresighted leaders who have consistently displayed a knack for making the right moves. Is it any wonder that when Netflix tried to raise $2 billion in the bond market recently, it got $6 billion worth of orders?