MaDLabbit
02-18
$Netflix(NFLX)$  I continue to be bearish at the moment for Netflix. I think it is overvalued at 23 forward PE and EPS of $2.39.  It have uncertainty over its head with WB deal going on. The longer this uncertainty the worst for its share price. I expect it to drop further to $50 level. I will look to start to take position anything from $60 to $50 level. Do you think Netflix will win the deal?
Paramount Lifts WBD Bid: Chase WBD or Buy the Dip of Netflix?
Paramount Skydance lifted its offer to $31 per share, reopening a 7-day negotiation window with Warner Bros. Discovery and reigniting Hollywood’s takeover drama. WBD still backs its $27.75 per share binding deal with Netflix, with a March 20 shareholder vote scheduled. Paramount says $31 isn’t its “final” bid and is even willing to cover Netflix’s $2.8B breakup fee. At the open: PSKY +8%, WBD +3%, NFLX -1%—with Netflix sliding toward $75, eyeing $70 as the next technical level. Are you bullish on WBD and PSKY? Will Netflix match the $31 bid?
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