While the Old Wall is reacting to the 'less bad' subscriber news from recent Netflix (NFLX) earnings, Communications analyst Andrew Freedman and Hedgeye CEO Keith McCullough discuss the implications of massive cancellations throughout the U.K. & Europe on The Call @ Hedgeye.
“I expect a good portion of those subs to roll off with increased competition on the content side in August and September,” claims Freedman, referring to the Game of Thrones and Lord of the Rings TV shows. “Nothing has changed from my negative thesis… I think you short the stock here.”
“We’re full cycle investors, you’re not gonna shake us out of our positioning, on a trending basis, on a one day move,” says McCullough.
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