Stock of the Day: Netflix
The following video is part of our "Motley Fool Conversations" series, in which analyst John Reeves and advisor David Meier discuss topics across the investing world.
Netflix's monthly viewing exceeded 1 billion hours for the first time ever in June, according to a Facebook post by CEO Reed Hastings. That means U.S. subscribers watched around 80 minutes of Netflix per day last month. Following a disastrous attempt to split the company in two last year, Netflix appears to be making great progress. These recent numbers will put Netflix in a great negotiating position for content. And if more content can bring in even more viewers, then those incremental viewers could prove to be quite valuable. John and David think it's time to give Netflix a very close look.
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At the time this article was published David Meierhas no positions in the stocks mentioned above.John Reevesowns shares of Walt Disney. The Motley Fool owns shares of Walt Disney, Facebook, and Netflix.Motley Fool newsletter services recommendNetflix and Walt Disney. Try any of our Foolish newsletter servicesfree for 30 days. We Fools may not all hold the same opinions, but we all believe thatconsidering a diverse range of insightsmakes us better investors. The Motley Fool has adisclosure policy.