We came across a bullish thesis on Netflix, Inc. on Accrued Interest’s Substack by Simeon McMillan. In this article, we will summarize the bulls’ thesis on NFLX. Netflix, Inc.'s share was trading at $1,218.47 as of September 23rd. NFLX’s trailing and forward P/E were 51.92 and 38.91, respectively according to Yahoo Finance. 15 Biggest Streaming and TV Companies in the US Copyright: lculig / 123RF Stock Photo Netflix continues to demonstrate its strength as a leading global streaming platform, with its A ...

Netflix (NFLX -3.38%) was founded in 1997 to disrupt the video rental industry. Its business model introduced convenience by mailing DVDs to customers so they no longer had to visit a physical store. Blockbuster, which operated America's largest movie rental chain at the time, didn't see the value in Netflix's idea, because it turned down an opportunity to acquire the budding start-up for just $50 million in 2000. Netflix shifted its focus to streaming in 2007, which eliminated the need for discs and other ...