BILL ACKMAN IS BACK IN NETFLIX. He first invested in $NFLX back in 2022 at around $350 a share. $1.1B in. He sold it for a 40% loss after a few months, losing $400M. He took that money and put it into Google, which did well, but during the same time, Netflix went up 650% from the lows. At the time, he said the lesson he learned from that experience was that he felt better about trusting his intuition and making decisions regardless of the outcome. The stock is now down down 50% and he’s back in, his logic below: “Looking forward, we expect Netflix to compound revenue at a double-digit growth rate, with content costs growing more slowly than revenue driving continued margin expansion. Combined with a robust buyback program, we estimate earnings should compound at close to 20% annua
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