Jim Cramer Says He "Would Be a Buyer of Netflix Right Here"

Netflix, Inc. (NASDAQ:NFLX) is one of the stocks Jim Cramer looked at. A caller asked what Cramer thinks the company’s prospects are now that it has withdrawn its bid for Warner Bros Discovery Inc. He replied:

Okay, I think it’s very simple. Netflix stock was not up enough. It was, it’s moved 10, but you know what? This stock was up dramatically higher before that bid, and when they walked away, I thought it was a terrific thing for their balance sheet. I’m glad they didn’t pay up, and I would be a buyer of Netflix right here.

Photo by Alexander Shatov on Unsplash

Netflix, Inc. (NASDAQ:NFLX) provides streaming entertainment, including TV series, films, documentaries, and games. During the January 28 episode, a caller inquired about Cramer’s long-term take on the company’s stock, and he responded:

I think that you gotta pull the trigger on Netflix. I’ll tell you why. I actually like the Warner Bros. Discovery deal. I think that Zaslav’s put together the best movie studio in the world, best TV studio in the world. Netflix wants to have it. Am I going to tell Ted Sarandos that he doesn’t know what he’s doing? That’s been a sucker’s play. A lot of guys have done it. I won’t.

We recently discussed the stock’s rally after dropping the bid to acquire Warner Bros Discovery Inc.