Short NFLX? Not so fast.
During this recent investing webcast, Hedgeye Internet and Media analyst Hesham Shaaban explains why the $122 billion streaming video service is “basically unshortable” – for now. So far, no other company has come close to challenging Netflix in the streaming space.
However, looming on the horizon is Disney’s (DIS) announced streaming platform set to arrive in the next couple of years.
It gets worse.
Disney has also put up a bid to acquire 21st Century Fox for $52.4 billion.
“If this FOX deal closes, Disney will essentially own Hulu, they’ll have all of FOX’s content and they’ll have all their own content – and they can offer a competitive service,” Shaaban says in the clip above. “It won’t kill Netflix, but it will slow their growth.”
Watch the clip above for more. Click here to watch the entire webcast “The Social Media Stocks to Buy, Sell (And Avoid With a 10-Foot Pole).”