Bazinet: The bull case on Netflix jumped from 25 to 40 times forward earnings
I want to get to your price target. So, you're at about $12.95%. The rest of the streets at 1376.Are you a Netflix bear. I mean, your price target is significantly lower. >> I I'm not a bear, but let me just uh maybe frame this for you.What one of the things about 18 months ago, the bullcase on Netflix was 25 times forward earnings. Um the bullcase now is 40 times forward earnings. Um the results have been fine, but what really caused that multiple expansion.I call them the four horsemen. What was happening ...