Bill Ackman Calls Netflix ($NFLX) “Incredibly Cheap” at 18x Earnings

Billionaire investor Bill Ackman believes Netflix ($NFLX) is significantly undervalued, trading at approximately 18 times earnings.
He describes the streaming company as a “high-growth utility,” highlighting its potential to deliver sustained growth while operating with the characteristics of an established, recurring-revenue business.
Ackman's comments reflect his bullish outlook on Netflix's valuation and long-term prospects.