Netflix not a 'screaming buy,' investor says

The article reports Netflix shares have fallen about 28% since October, and an investor told Bloomberg the stock is "not a screaming buy" even though he owns shares; uncertainty around a proposed deal for Warner Bros. Discovery is cited as a key concern.

Shares of Netflix have dropped notably since October after the company emerged as a leading bidder for Warner Bros. Discovery. The article reports the stock is down about 28% in less than three months and roughly one-third from its June 30 peak. Christopher Brown of Synovus Securities is quoted as saying Netflix is "not a screaming buy," and the article notes he and Synovus hold the stock. The piece highlights questions about the proposed Warner Bros. Discovery transaction and its implications for Netflix. Key points: - The article reports Netflix shares fell about 28% since October and roughly one-third from the June 30 high. - Christopher Brown of Synovus told Bloomberg the stock is "not a screaming buy" and is held in Synovus portfolios. - Netflix is described as trading near 28 times forward earnings, below its five-year average multiple of 34, while remaining higher than several peers. - The proposed $82.7 billion deal for Warner Bros. Discovery is cited as a major overhang, with the article noting concerns about cost, regulatory risk, and Netflix's limited experience with very large acquisitions. Summary: The article indicates the share decline and uncertainty around the Warner Bros. Discovery transaction have led some investors and analysts to express caution, and CFRA is reported to have downgraded Netflix to Hold. Undetermined at this time.