Is Netflix Stock on the Verge of Collapse?
Not everyone is a fan of Netflix (NASDAQ: NFLX).
Morningstar analyst Neil Macker is particularly bearish on the streaming video leader's prospects. During a chat with Yahoo! Finance, Macker listed a number of risks he sees for Netflix's investors.
His primary concern revolves around Netflix's heavy spending on content, which caused it to burn through more than $3.2 billion in cash in 2019. "No. 1, cash flow for the company has been negative for a number of years and looks to be negative going forward as well," Macker said. "The cash burn is very high."
Source Fool.com
