Buy NFLX by Oct 28, 2026.

**Pros** \- Paramount/WBD merger creates a highly leveraged competitor with questionable management. \- Strong FCF and balance sheet \- Best in class brand equity \- Trading below historical norms ( PE ). \- Continued tailwinds in Emerging/Frontier markets \- AI lowering production costs \- Strong management (pioneering talent density). **Cons** \- Amazon Prime and their massive scale \- Younger cohorts increasingly gaming and watching UGC content \- Saturated developed markets \- Uncertainty regarding product expansion/changes to product mix \- Removal …