MORGAN STANLEY: Buy Netflix for these 2 reasons (NFLX)
Netflix expanded its service to 130 new countries in January, but when it comes to international growth, the company will be reaping the benefits for years, according to Morgan Stanley.Netflix already counts on growth overseas for most of its subscriber additions. The company predicts that it will add 2.5 million subscribers in the current quarter, only 500,000 of whom will come from the US.
But in a research note Monday, Morgan Stanley's Benjamin Swinburne said it takes about three years for Ne
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