Article " NFLX Buy Opportunity/ Apple-Comcast Deal Will have NO Impact on NFLX. " read.
Netflix: A Strong Buy on the Pullback
By Ishfaque Faruk | More Articles
April 2, 2014
The stock price of Netflix (NASDAQ: NFLX ) has dropped from its high in the $450s to its current levels.There has been speculation about Apple (NASDAQ: AAPL ) and Comcast (NASDAQ: CMCSA ) trying to work together to structure an Internet-to-TV streaming deal. This sizable drop in stock price represents a great buying opportunity for long-term investors.
Apple-Comcast deal will have no impact
When rumors surfaced about Comcast talking with Apple to deliver TV and on-demand video through the Apple TV set-box, the stock price of Netflix took a big hit. This piece of news, even if it is true, is highly immaterial for Netflix and its shareholders. Comcast will most likely appear as an app on the menu of Apple TV, just like those of Hulu and Netflix. Comcast will certainly only make this deal available to its subscribers, and it will give consumers more options but it provides almost no benefit to someone who does not have an Apple TV device