Netflix's Biggest Bear: 'they're In A Vicious Spiral To The Bottom In Content Spend' (nflx)

Ernesto S. Ruscio/Getty Images for Netflix Netflix's disappointing second-quarter earnings results aren't deterring Wall Street analysts from raising their price targets. WedBush's Michael Pachter, the biggest Netflix bear on Wall Street, isn't surprised by the results. The amount of good content on Netflix simply isn't enough to turn the streaming giant's cash flow positive any time soon, Pachter said, contrary to the core belief on Wall Street.

 

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