Ross Gerber: Netflix boosts buybacks by $25 billion with strong margins and growth

Ross Gerber: Netflix boosts buybacks by $25 billion with strong margins and growth
Netflix ramps up buybacks and margins

Ross Gerber, CEO / President at Gerber Kawasaki, points out that Netflix had a solid quarter, spending almost $6 billion to repurchase its own stock and increasing its buyback authorization by $25 billion.

He highlights that the company is buying back shares while trading at a forward price-to-earnings ratio below 20, posting 33 percent margins, and delivering double-digit growth. Gerber describes Netflix as an extremely well-managed company and a leading brand in its industry.

Gerber has commented on other major companies in recent months. He suggested that Tesla should rename its Full Self-Driving program to "pretty good self-driving," noting its current limitations in a previous article. Gerber also highlighted Glass House farms’ plan to uplist to the NYSE, calling it a leading cannabis company.

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