### Comment:
They're overvalued. Everything else is just noise.

### REPLY:
Generally I don’t disagree. 
  
 Contrarian Thesis for the short/midterm: 
  
 NFLX carries a ridiculous amount of debt, and therefore would stand to gain an outsize benefit from any further rate cuts. 
  
 Despite generally staying the fuck away from NFLX, I actually put on a small trade expressing the aforementioned thesis after this conversation.

### END.