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Second Half Strategy 7/5/23

Halftime Report

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Netflix's Free Cash Flow Is on Hold

I think Netflix can have a great quarter now. The strike is panacea for them, right? Because they don't have to pay for those current productions. So it's on hold. And until the strike settle, their costs could come way down. But there's no way I'm buying this stock at 32 times next year's free cash flow. They're throwing off more free cash flow than Disney, aren't they? The price differential matters here.

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