RUSH TRANSCRIPT So let ░░░░░░░░ get right to our ░░░░░░░░ show where we re ░░░░░░░░ by David Trainer uses ░░░░░░░░ to analyze every single ░░░░░░░░ point in order to ░░░░░░░░ earnings hits and misses ░░░░░░░░ year end price target ░░░░░░░░ netflix 200 a share ░░░░░░░░ re also joined by ░░░░░░░░ guilfoyle who actually bought ░░░░░░░░ netflix this morning on ░░░░░░░░ David what in your ░░░░░░░░ tip thed you off ░░░░░░░░ netflix was going to ░░░░░░░░ a big risk and ░░░░░░░░ ahead to next week ░░░░░░░░ do you see hits ░░░░░░░░ misses with the big ░░░░░░░░ coming out with earnings ░░░░░░░░ of all netflix has ░░░░░░░░ hemorrhaging cash for the ░░░░░░░░ 10 years Over the ░░░░░░░░ five years they ve ░░░░░░░░ 10 billion You only ░░░░░░░░ that if you look ░░░░░░░░ the balance sheet It ░░░░░░░░ t flow through earnings ░░░░░░░░ it s been a ░░░░░░░░ unprofitable business with a ░░░░░░░░ amount of competition Liz ░░░░░░░░ has been increasingly encroaching ░░░░░░░░ streaming And the big ░░░░░░░░ that netflix if has ░░░░░░░░ these media incumbents is ░░░░░░░░ it count make it ░░░░░░░░ t make money and ░░░░░░░░ only has one way ░░░░░░░░ monetize content through streaming ░░░░░░░░ about Disney all the ░░░░░░░░ and theme parks and ░░░░░░░░ it can monetize So ░░░░░░░░ is a competitively disadvantaged ░░░░░░░░ trading at a valuation ░░░░░░░░ applies up realistic progrowth ░░░░░░░░ it s got a ░░░░░░░░ further to fall right ░░░░░░░░ Liz you know Sam ░░░░░░░░ bought it this morning ░░░░░░░░ do you have to ░░░░░░░░ to