Alec Hogg: Netflix delivers, price +12%

Here's some welcome news for followers of the BizNews Share portfolio ahead of 2021's first update on Tuesday. Yesterday the company reported superb 4th quarter results, taking the shares from $502 to $565 (+12%). Netflix, in which 7% of the BizNews portfolio is held, was purchased in September 2019 at $263..Also read: Alec Hogg: Fastest fingers first for this 12J.The company added 8.5m new subscribers during the three months to end December, 90% from outside the USA. That took its total paying base to above 200m accounts, the milestone marked by a dispatch of champagne and confetti to each staff member. Subscribers grew 37m in 2020, most of any year..What really got investors excited, though, was news from CEO Reed Hastings that for the first time, the company now generates more cash than it needs, reaching this watershed a year ahead of its plan. Netflix is considering using excess cash on share buybacks – and no longer needs to borrow to grow..___STEADY_PAYWALL___.Also read: Alec Hogg: China is Covid-19's big winner.We've been longtime fans of Netflix, watching the stock for ages before pouncing when its price temporarily weakened. Reason: it's an exponentially growing business which was widely misunderstood. Netflix sees its competition as linear TV, not other streaming services. That message is finally being believed..If you're looking for something to watch, the top Netflix shows of the past quarter were Bridgerton, Queen's Gambit, The Crown, Midnight Sky, Cobra Kai and Lupin. We'll be covering the Netflix investment case in the Premium-member-only webinar on Tuesday at noon with the year;s first update of the BizNews Share portfolio. Register here: https://attendee.gotowebinar.com/rt/3785234117773097230.NB FOR YOUR WALL STREET JOURNAL ACCESS….Because of The Wall Street Journal's credential requirements to access its site, your password MUST be at least 8 characters and include at least one letter and one number; and it MAY NOT contain any special characters (ie #, !, @ etc). To maintain access to WSJ.com, you MUST enter our partner's website at least once a month via BizNews Premium.TO LISTEN….Latest audio on BizNews Radio.…..(click on the link to access).Herman Mashaba: Put thousands of unemployed doctors to work Monica Singer on Blockchain: Why it could kill SA corruptionFlash Briefing: Pick n Pay defends new CEO, Landbank needs R7bnBright Light Solar's 2021 Prospectus, "fastest fingers first"Ivermectin: SAs have constitutional right to take it for Covid-19

Alec Hogg: Netflix delivers, price +12%

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