Netflix, Inc. (NFLX) Pricey But An Attractive Investment: Angel Investor

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Netflix, Inc. (NFLX) Pricey But An Attractive Investment: Angel Investor

Netflix, Inc. (NASDAQ:NFLX) stock may be pricey, but it still has more room to grow, angel investor Jason Calacanis told CNBC’s Squawk Alley. The expert said Netflix’s deal with Comcast may have been a “white flag” for the cable giant. This is a positive sign for the streaming giant despite concerns that “we’ve reached peak television with the number of shows growing beyond what the base can actually consume.”

Netflix: pricey but attractive

Calacanis noted that cable companies live in a constant fear of viewers cutting the cord and opting only for video-on-demand services such as Netflix, Apple TV, and Hulu.

“Comcast is just very scared, scared to death that people are going to those other options more often,” he said.

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