How many can Netflix afford to produce to be a major one? Long before that, NFLX runs out of money. Streaming is just a commodity business!
Some of the best performing stocks of all time have been commodity companies. Being the low cost producer and then operating with a razor thin margin they eliminate the competition.
Amazon will out -razor them----even if it means negative margins . It is hard to compete against an irrational company that is willing to ose money to pick up market share. I like the NFLX product but anm short the stock simply based on valuation.
Every time someone says "streaming is just a commodity business", an angel gets his wings.
More like pig get its wings....Who can't stream these days. Technology can buy, content much more expensive.