Lead idea
Netflix as a value stock executing on margins
The bull case framed Netflix as a value stock whose path to re-rating depends on executing on profitability and margin expansion, not on winning awards or deals. Simeon McMillan (from Accrued Interest) made the case on Yet Another Value Podcast’s “$NTDOY: is Nintendo's flywheel actually there?”, aired 18 September 2026. The focus has shifted from 'winning the war for cool' to milking efficiency from its content library and global scale.
Simeon McMillan · YET ANOTHER VALUE PODCAST · “$NTDOY: is Nintendo's flywheel actually there?” · 18 SEP