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Don’t play into the hype. Netflix is not a buy at these levels, says market watcher

“I don’t think I would step into Netflix stock price at these levels right here now,” Binger told CNBC’s “Trading Nation” on Friday” writes unknown author for cnbc.com. However, those factors do not make Netflix shares any more attractive to Sanchez.With shares up more than 60 percent this year, it seems everyone is pressing play on Netflix.Its shares trade at 97 times forward earnings, far higher than the 16.5 times multiple on the S&P 500.”I’m not going to deny Netflix is a great company,” he added.
 
Source: cnbc.com



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