In Communication Services, Netflix (NASDAQ:NFLX) continues to enhance its long-term competitive position with the industry’s largest commitment of investment dollars in exclusive and original content. Given its still-low global penetration and the accelerating shift from linear TV, we believe that Netflix still has significant room for growth. The company’s secular growth profile looks even stronger in the current environment, associal-distancing and shelter-in-place directives are drawing renewed attention to the value, utility, and now, resilience,of video streaming business models.

From Spiros Segalas (Trades, Portfolio)’ Harbor Capital Appreciation Fund 2020 shareholder commentary.

About the author:

Sydnee Gatewood

I am the editorial director at GuruFocus. I have a BA in journalism and a MA in mass communications from Texas Tech University. I have lived in Texas most of my life, but also have roots in New Mexico and Colorado. Follow me on Twitter! @gurusydneerg

Comments

Please leave your comment: