“Google Has Fallen Behind”
NFLX is undervalued; strong fundamentals (16% rev growth, up engagement) contradict bearish narratives, and P/E compression from 50x to 22x creates opportunity.
Now the next company I believe is the most undervalued in my portfolio or very close to it today which is Netflix. Netflix has gone down like crazy. Netflix is taking punches left and right.
It's getting beat up by the market. Everyone's concerned about it. Everyone believes that people are going to cancel all their accounts, that engagement's going down, that YouTube TV is stealing all their viewers, that none of their content's good.
But when you look at the actual numbers, none of that is reflected in their actual performance.