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Value After Hours S05 E04: Value Beaten in January, Bears and Rate Cuts, Richard Hamming's Research

The Acquirers Podcast

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Is There a Longer Tail to This Than You're Giving Credit For?

I think the thing that is so shocking about Netflix to me is I for the longest time watching that business didn't understand at all what they were doing. And now when you see what they built and maybe this was just like the 10% chance that worked out but from a capital allocate of equity perspective for them to build that business and have debt finance that risk that is fucking impressive. Like that's not something a younger me ever could have seen. They're only like three times levered on a cash flow basis at this stage from a debt perspective. The debt market doesn't care about share base comp. It's it's true cash to debt.

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