TheStreet’s Jim Cramer says investors that are short Netflix have it wrong. With international opportunity and its original content, investors should hold the stock for the long term. He adds that Netflix is a cold stock, meaning it cannot be valued. He says it’s really not based on earnings and it’s hard to do a PE multiple and try to figure out what the normalized growth is here. But one thing is certain Cramer says: they can indeed get to 100 million subscribers. He says the company is talking about making material money in 2017. People didn’t think it would be possible for Netflix to make money because they’re spending so much on content. But Netflix points out that their original content costs them less than buying other people’s content. Cramer says it looks like right now the short story is wrong. The Internet streaming company delivered fourth quarter earnings after the close Tuesday that blew past analysts’ expectations.
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