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- [00:01]
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When you're a maintenance engineer in a beverage manufacturing plant, you keep production lines moving and quality on track because there's no room for slowdowns. With Grainger's vast selection of high quality motors, sensors, belts and hard to find parts, you can get what you need fast and all in one place. So nothing gets in the way of getting the job done. Call 1-800-GRAINGER clickranger.com or just stop by Grainger for the ones who get it done.
- [00:30]
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This is Scott Becker with the Becker Business and the Becker Private Equity Podcast. Today's discussion is Netflix is tanking. So here's the discussion. We're recording this on Friday. It'll be released on Saturday. Netflix is down about 10% early this morning. It's fascinating to watch the battles going on between these different streaming services. It reminds me a lot of what Peter lynch used to say about his thoughts on picking stocks. And Peter lynch was the famous he managed the Fidelity Magellan Fund. He was sort of the face of Fidelity for a very long time. And he had a book on investing that essentially said, yes, you have to do deep, deep research. But a lot of what you take away is are you enjoying the customer experience? Do you enjoy the customer experience and what you're doing? And we'll talk about that in a separate podcast. It'll also be released in the next couple of days. But his concept was, and it applies so closely to these different streaming services, Netflix just got crushed in their earnings and their forecast for the next quarter. And what it reminds me of, as a watcher of these different streaming services, whether hbo, Netflix, other tv, you almost intuitively instinctively know, do they have a hit that you want to watch or not? Is there a reason you have to have that service? We're lazy. So we've got a few different services going. We don't cut them and put them back on and all that kind of stuff, though I wish we did. But what's interesting to me is Netflix has great, solid sort of a lineup, but there's nothing on Netflix that I feel currently I have to watch. In contrast, we do enjoy this whole House of Dragons, Game of Thrones thing that goes on hbo. So we almost feel like we have to be subscribed there. And I think it's fascinating how this works. Again, the last quarter fell short on revenue. They are down 40% over the last 12 months. And the company Netflix, in its discussion is noted how the entertainment industry and the streaming services are so competitive. And we agree with all that. And of course, Disney started their stream service. We're a huge anti fan of Bob Iger. People probably heard that before that listen regularly but they're struggling too on this and it's not but but I do think it it reminds me of the Peter lynch thing we used to say, you know Judge's stock. Yes, deep deep dives. But also do you like what they're doing and currently on Netflix it doesn't shock me when I see they're down 8 to 10% today or down 40 in the last 12 months because there's nothing compelling to me about Netflix currently. I like it, but there's nothing that says I have to have it. Fascinating to watch. I curious if people agree or disagree with these thoughts. Thank you for listening to the Becker Business and the Becker Private Equity Podcast.
- [03:30]
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When you're a maintenance engineer in a beverage manufacturing plant, you keep production lines moving and quality on track because there is no room for slowdowns. With Grainger's vast selection of high quality motors, sensors, belts and hard to find parts, you can get what you need fast and all in one place, so nothing gets in the way of getting the job done. Call 1-800-GRAINGER clickranger.com or just stop by Grainger for the ones who get it done.