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- JerrywjlJerrywjl
  ·2021-06-03
  $SKLZ 20220121 10.0 CALL(SKLZ)$yes
  652 评论
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- JerrywjlJerrywjl
  ·2021-03-16
  I like this old man
  How Warren Buffett’s Company Is Corporate Old School
  Berkshire Hathaway’s proxy reports hows that the company under Warren Buffett’s longtime leadership
  How Warren Buffett’s Company Is Corporate Old School
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- JerrywjlJerrywjl
  ·2021-03-12
  I prefer amazon [财迷]
  Better Buy: Netflix vs. Amazon
  Comparing the two pioneers of industry.
  Better Buy: Netflix vs. Amazon
  1,270 1
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- JerrywjlJerrywjl
  ·2021-03-12
  I like this, and this morning I dream about I picked up 3 gold pendant and a stack of cash in a basket. The dream is so real, and I hope to pick up a basket of fortune here
  非常抱歉，此主贴已删除
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href=\"https://laohu8.com/S/SKLZ\">$SKLZ 20220121 10.0 CALL(SKLZ)$</a>yes","listText":"<a href=\"https://laohu8.com/S/SKLZ\">$SKLZ 20220121 10.0 CALL(SKLZ)$</a>yes","text":"$SKLZ 20220121 10.0 CALL(SKLZ)$yes","images":[{"img":"https://static.tigerbbs.com/90fb753554a3efd4f1b974a9f15c682b","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/111168471","isVote":1,"tweetType":1,"viewCount":652,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":325128519,"gmtCreate":1615878742131,"gmtModify":1703494347350,"author":{"id":"3568104355560345","authorId":"3568104355560345","name":"Jerrywjl","avatar":"https://static.tigerbbs.com/2e2b981173fec9a97d46ea80ac71efbb","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3568104355560345","idStr":"3568104355560345"},"themes":[],"htmlText":"I like this old man&nbsp;","listText":"I like this old man&nbsp;","text":"I like this old man","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/325128519","repostId":"1190305569","repostType":4,"repost":{"id":"1190305569","kind":"news","pubTimestamp":1615878097,"share":"https://ttm.financial/m/news/1190305569?lang=&edition=full","pubTime":"2021-03-16 15:01","market":"us","language":"en","title":"How Warren Buffett’s Company Is Corporate Old School","url":"https://stock-news.laohu8.com/highlight/detail?id=1190305569","media":"Barrons","summary":"Berkshire Hathaway’s proxy reports hows that the company under Warren Buffett’s longtime leadership ","content":"<p>Berkshire Hathaway’s&nbsp;proxy reports&nbsp;hows that the company under Warren Buffett’s longtime leadership&nbsp;remains old school&nbsp;in the way it conducts business and is unlike virtually every major corporation.</p>\n<p>The conglomerate’s board gives considerable authority and deference to Buffett—rare among major companies -- reflecting his stature after leading the company so successfully for more than 55 years.</p>\n<p>Buffett was paid a salary of just $100,000 in 2020 with no bonus as has been the case for more 25 years—and that is before reimbursing the company $50,000 for postage and other incidental expenses. Buffett has told the board that he doesn’t want to be paid any more. The company did pay $280,000 for security services for Buffett in 2020.</p>\n<p>Buffett personally determines the compensation of his top managers without considering Berkshire’s overall financial performance and stock price.</p>\n<p>“Berkshire’s program regarding compensation of its executive officers is different from most public company programs,” the company said in its proxy.</p>\n<p>Buffett is generous toward his two top managers, Greg Abel and Ajit Jain. The two vice chairmen earned $19 million apiece in each of the past two years, with $16 million in salary. Unlike most big companies, Berkshire doesn’t grant stock compensation to its top executives. Abel oversees Berkshire’s huge non-insurance operations, while Jain runs its large insurance business.</p>\n<p>Berkshire’s 14-member board is one of the lowest paid—and oldest—among major companies. Each board member gets just $300 for each telephone board meeting and $900 for those held in person. Many members earned a total of $1,200 for the year, against an average of more than $250,000 in annual compensation for board members of companies in the S&amp;P 500.</p>\n<p>Many board members view it as a privilege to serve with Buffett and they are willing to do so without getting the financial protection of directors and officers’ insurance—a contrast with nearly all big companies.</p>\n<p>The board has four members 90 years or older: Buffett (90), Vice Chairman Charlie Munger (97), longtime Berkshire holder and Buffett friend David “Sandy” Gottesman (94), and the former CEO of Capital Cities/ABC, Thomas Murphy (95). The two youngest board members are 58.</p>\n<p>Buffett is both CEO and chairman and doesn’t believe in splitting those positions.</p>\n<p>“It is Mr. Buffett’s opinion that a controlling shareholder who is active in the business, as is currently the case and has been the case for Mr. Buffett for over 50 years, should hold both roles,” the proxy says.</p>\n<p>Buffett owns a 16% economic stake in Berkshire worth around $95 billion and has a 32% voting stake reflecting his ownership of supervoting class A stock.</p>\n<p>Berkshire asked shareholders to reject proposals on climate change and diversity, likely reflecting Buffett’s views on those matters. On the diversity issue, a shareholder has proposed that Berkshire publish an annual report on diversity and inclusion.</p>\n<p>Berkshire cited its decentralized conglomerate structure as a reason for opposing them.</p>\n<p>Berkshire said that three of its 14 board members are women and that two are ethnically diverse: Jain and former American Express CEO Kenneth Chenault.</p>\n<p>Unlike most big companies, Berkshire doesn’t focus on having a diverse board. Berkshire’s statement on the matter is unlike anything among major companies:</p>\n<p>“Berkshire does not have a policy regarding the consideration of diversity in identifying nominees for director. In identifying director nominees, the governance committee does not seek diversity, however defined. Instead, as previously discussed, the governance committee looks for individuals who have very high integrity, business savvy, an owner-oriented attitude and a deep genuine interest in the company.”</p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title> How Warren Buffett’s Company Is Corporate Old School</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n How Warren Buffett’s Company Is Corporate Old School\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-16 15:01 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/berkshire-hathaway-proxy-shows-warren-buffett-is-old-school-when-it-comes-to-compensation-board-makeup-51615834287?mod=RTA><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Berkshire Hathaway’s proxy reports hows that the company under Warren Buffett’s longtime leadership remains old school in the way it conducts business and is unlike virtually every major corporation.\n...</p>\n\n<a href=\"https://www.barrons.com/articles/berkshire-hathaway-proxy-shows-warren-buffett-is-old-school-when-it-comes-to-compensation-board-makeup-51615834287?mod=RTA\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BRK.B":"伯克希尔B","BRK.A":"伯克希尔"},"source_url":"https://www.barrons.com/articles/berkshire-hathaway-proxy-shows-warren-buffett-is-old-school-when-it-comes-to-compensation-board-makeup-51615834287?mod=RTA","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1190305569","content_text":"Berkshire Hathaway’s proxy reports hows that the company under Warren Buffett’s longtime leadership remains old school in the way it conducts business and is unlike virtually every major corporation.\nThe conglomerate’s board gives considerable authority and deference to Buffett—rare among major companies -- reflecting his stature after leading the company so successfully for more than 55 years.\nBuffett was paid a salary of just $100,000 in 2020 with no bonus as has been the case for more 25 years—and that is before reimbursing the company $50,000 for postage and other incidental expenses. Buffett has told the board that he doesn’t want to be paid any more. The company did pay $280,000 for security services for Buffett in 2020.\nBuffett personally determines the compensation of his top managers without considering Berkshire’s overall financial performance and stock price.\n“Berkshire’s program regarding compensation of its executive officers is different from most public company programs,” the company said in its proxy.\nBuffett is generous toward his two top managers, Greg Abel and Ajit Jain. The two vice chairmen earned $19 million apiece in each of the past two years, with $16 million in salary. Unlike most big companies, Berkshire doesn’t grant stock compensation to its top executives. Abel oversees Berkshire’s huge non-insurance operations, while Jain runs its large insurance business.\nBerkshire’s 14-member board is one of the lowest paid—and oldest—among major companies. Each board member gets just $300 for each telephone board meeting and $900 for those held in person. Many members earned a total of $1,200 for the year, against an average of more than $250,000 in annual compensation for board members of companies in the S&P 500.\nMany board members view it as a privilege to serve with Buffett and they are willing to do so without getting the financial protection of directors and officers’ insurance—a contrast with nearly all big companies.\nThe board has four members 90 years or older: Buffett (90), Vice Chairman Charlie Munger (97), longtime Berkshire holder and Buffett friend David “Sandy” Gottesman (94), and the former CEO of Capital Cities/ABC, Thomas Murphy (95). The two youngest board members are 58.\nBuffett is both CEO and chairman and doesn’t believe in splitting those positions.\n“It is Mr. Buffett’s opinion that a controlling shareholder who is active in the business, as is currently the case and has been the case for Mr. Buffett for over 50 years, should hold both roles,” the proxy says.\nBuffett owns a 16% economic stake in Berkshire worth around $95 billion and has a 32% voting stake reflecting his ownership of supervoting class A stock.\nBerkshire asked shareholders to reject proposals on climate change and diversity, likely reflecting Buffett’s views on those matters. On the diversity issue, a shareholder has proposed that Berkshire publish an annual report on diversity and inclusion.\nBerkshire cited its decentralized conglomerate structure as a reason for opposing them.\nBerkshire said that three of its 14 board members are women and that two are ethnically diverse: Jain and former American Express CEO Kenneth Chenault.\nUnlike most big companies, Berkshire doesn’t focus on having a diverse board. Berkshire’s statement on the matter is unlike anything among major companies:\n“Berkshire does not have a policy regarding the consideration of diversity in identifying nominees for director. In identifying director nominees, the governance committee does not seek diversity, however defined. Instead, as previously discussed, the governance committee looks for individuals who have very high integrity, business savvy, an owner-oriented attitude and a deep genuine interest in the company.”","news_type":1,"symbols_score_info":{"BRK.A":0.9,"BRK.B":0.9}},"isVote":1,"tweetType":1,"viewCount":992,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":328810956,"gmtCreate":1615511267775,"gmtModify":1703490193910,"author":{"id":"3568104355560345","authorId":"3568104355560345","name":"Jerrywjl","avatar":"https://static.tigerbbs.com/2e2b981173fec9a97d46ea80ac71efbb","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3568104355560345","idStr":"3568104355560345"},"themes":[],"htmlText":"I prefer amazon&nbsp;[财迷]&nbsp;","listText":"I prefer amazon&nbsp;[财迷]&nbsp;","text":"I prefer amazon [财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/328810956","repostId":"2118984296","repostType":4,"repost":{"id":"2118984296","kind":"news","pubTimestamp":1615475224,"share":"https://ttm.financial/m/news/2118984296?lang=&edition=full","pubTime":"2021-03-11 23:07","market":"us","language":"en","title":"Better Buy: Netflix vs. Amazon","url":"https://stock-news.laohu8.com/highlight/detail?id=2118984296","media":"Motley Fool","summary":"Comparing the two pioneers of industry.","content":"<p>Investors comparing <b>Netflix</b> (NASDAQ:NFLX) and <b>Amazon </b>(NASDAQ:AMZN) may think first of the companies' rivalry in streaming video -- but&nbsp;these stocks' efforts to begin new industries probably serve as a more important commonality. Amazon stood out by spawning two different powerhouse business segments: e-commerce and cloud computing. While that advantage could make Amazon the better bet over the streaming video pioneer, investors should take a closer look at both to evaluate which stock holds more potential for higher returns.</p>\n<h2>Comparing the businesses</h2>\n<p>Netflix has definitely benefited from its own strategic decision-making. It transitioned away from mail-in DVDs as soon as technology allowed for streaming. It also pivoted to proprietary content as competitors began to emerge. Today, Netflix leads the streaming market with almost 204 million subscribers as it dominates the Golden Globes. This subscriber count far outpaces its nearest competitor, <b>Disney</b>'s Disney+, with around 95 million subscribers.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c33886ce245b1d455d6d469bd098609e\" tg-width=\"700\" tg-height=\"466\"><span>Image source: Getty Images</span></p>\n<p>Amazon similarly leads in e-commerce, selling nearly $341 billion in goods in 2020. While that still lags <b>Walmart</b>'s (NYSE:WMT) $555 billion in net sales, Walmart earns most revenue from in-store retailing.&nbsp;Also, Amazon has started a successful cloud computing business, AWS. It maintains a significant market lead over competitors, controlling about <a href=\"https://laohu8.com/S/AONE\">one</a>-third of the market, according to ParkMyCloud. Additionally, AWS accounts for the majority of Amazon's profits.</p>\n<p>As mentioned before, both operate streaming video platforms. Nonetheless, Amazon treats streaming as an added benefit for subscribing to its Prime service and does not release specific financial figures on Prime Video. Thus, for purposes of comparing stocks, investors should not view the two companies as \"competitors.\"</p>\n<h2>Competitive advantages</h2>\n<p>Instead, investors should look more closely at what each company's financials reveal about its true strengths and weaknesses.</p>\n<p>In fiscal 2020, Netflix's revenue increased by 24% year over year to nearly $25 billion. Its net income rose 48% to just under $2.8 billion over the same period. Income surged as slower growth in operating expenses more than offset Netflix's rising cost of interest and foreign exchange losses.</p>\n<p>Nonetheless, investors should take Netflix's net income with a grain of salt. Debt moved higher as content spending steadily rose. BMO Capital Markets forecasted over $17 billion in content spending in 2020. The pandemic shut down production for much of the year, and Netflix did not confirm that figure or reveal how much it allocated to content in 2020.</p>\n<p>Nonetheless, the company spent $15 billion in content development in 2019. This conflicts with the $12.4 billion reported in cost of revenue that year, meaning debt likely financed some development costs.</p>\n<p>As a result, total debt has risen from under $3.4 billion in 2016 to over $16.3 billion in 2020. This far exceeds equity of just under $11.1 billion, the company's value after subtracting liabilities from assets, and leaves the debt-to-equity ratio at almost 1.5.</p>\n<p>Nonetheless, for 2020 Netflix reported free cash flow of more than $1.9 billion, its first year of positive free cash flow since 2011. This covered the $767 million in interest expenses for 2020. Still, the negative cash flow in previous years leads to questions about how Netflix will cover interest expenses if production spending again leads to negative cash flow.</p>\n<p>Knowing this discrepancy, investors should question how long Netflix can finance content development through debt. Eventually, the company may have to dilute shares or scale back development to maintain its financial stability.&nbsp;</p>\n<p>This approach stands in stark contrast to Amazon's financial picture. Its net sales grew by 38% from year-ago levels to $386.1 billion, and net income rose by 84% to $11.1 billion. Income surged as operating expense growth lagged revenue increases, and, unlike in 2019, Amazon turned a non-operating profit in 2020.</p>\n<p>Amazon's leadership in two industries also serves as an advantage. AWS accounted for $13.5 billion of Amazon's $22.9 billion in operating income in 2020. This allows AWS to subsidize competitive initiatives.</p>\n<p>In 2019, net income grew modestly for retailing as the company switched from two-day to <a href=\"https://laohu8.com/S/AONE.U\">one</a>-day shipping. As a result, overall shipping costs in 2019 rose by more than $10 billion, or 37% from year-ago levels, during a period when retail sales revenue increased by just over 18%, or $38 billion during that period. However, since AWS increased operating income by 26%, the company still grew net income by 15%.</p>\n<p>Amazon also supports a more stable balance sheet. In 2020, long-term debt increased by more than $8 billion to $31.8 billion. Nonetheless, the $31 billion in annual free cash flow easily covered interest expenses of just over $1.6 billion.&nbsp;Also, since Amazon supports an equity value of $93.4 billion, its debt-to-equity ratio comes in at a more comfortable 0.3. This makes debt a less significant burden for Amazon than for Netflix.</p>\n<h2>Netflix or Amazon?</h2>\n<p>That debt picture also helps Amazon come out a clear winner among these tech stocks. Netflix appears headed for a hard choice between financial stability and staying ahead in the content race. In contrast, the profit levels of AWS can insulate Amazon amid a highly competitive retail environment. This success in two different industries of its own creation makes Amazon difficult to challenge.</p>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Better Buy: Netflix vs. Amazon</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBetter Buy: Netflix vs. Amazon\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-11 23:07 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/03/11/better-buy-netflix-vs-amazon/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Investors comparing Netflix (NASDAQ:NFLX) and Amazon (NASDAQ:AMZN) may think first of the companies' rivalry in streaming video -- but these stocks' efforts to begin new industries probably serve as a...</p>\n\n<a href=\"https://www.fool.com/investing/2021/03/11/better-buy-netflix-vs-amazon/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.fool.com/investing/2021/03/11/better-buy-netflix-vs-amazon/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2118984296","content_text":"Investors comparing Netflix (NASDAQ:NFLX) and Amazon (NASDAQ:AMZN) may think first of the companies' rivalry in streaming video -- but these stocks' efforts to begin new industries probably serve as a more important commonality. Amazon stood out by spawning two different powerhouse business segments: e-commerce and cloud computing. While that advantage could make Amazon the better bet over the streaming video pioneer, investors should take a closer look at both to evaluate which stock holds more potential for higher returns.\nComparing the businesses\nNetflix has definitely benefited from its own strategic decision-making. It transitioned away from mail-in DVDs as soon as technology allowed for streaming. It also pivoted to proprietary content as competitors began to emerge. Today, Netflix leads the streaming market with almost 204 million subscribers as it dominates the Golden Globes. This subscriber count far outpaces its nearest competitor, Disney's Disney+, with around 95 million subscribers.\nImage source: Getty Images\nAmazon similarly leads in e-commerce, selling nearly $341 billion in goods in 2020. While that still lags Walmart's (NYSE:WMT) $555 billion in net sales, Walmart earns most revenue from in-store retailing. Also, Amazon has started a successful cloud computing business, AWS. It maintains a significant market lead over competitors, controlling about one-third of the market, according to ParkMyCloud. Additionally, AWS accounts for the majority of Amazon's profits.\nAs mentioned before, both operate streaming video platforms. Nonetheless, Amazon treats streaming as an added benefit for subscribing to its Prime service and does not release specific financial figures on Prime Video. Thus, for purposes of comparing stocks, investors should not view the two companies as \"competitors.\"\nCompetitive advantages\nInstead, investors should look more closely at what each company's financials reveal about its true strengths and weaknesses.\nIn fiscal 2020, Netflix's revenue increased by 24% year over year to nearly $25 billion. Its net income rose 48% to just under $2.8 billion over the same period. Income surged as slower growth in operating expenses more than offset Netflix's rising cost of interest and foreign exchange losses.\nNonetheless, investors should take Netflix's net income with a grain of salt. Debt moved higher as content spending steadily rose. BMO Capital Markets forecasted over $17 billion in content spending in 2020. The pandemic shut down production for much of the year, and Netflix did not confirm that figure or reveal how much it allocated to content in 2020.\nNonetheless, the company spent $15 billion in content development in 2019. This conflicts with the $12.4 billion reported in cost of revenue that year, meaning debt likely financed some development costs.\nAs a result, total debt has risen from under $3.4 billion in 2016 to over $16.3 billion in 2020. This far exceeds equity of just under $11.1 billion, the company's value after subtracting liabilities from assets, and leaves the debt-to-equity ratio at almost 1.5.\nNonetheless, for 2020 Netflix reported free cash flow of more than $1.9 billion, its first year of positive free cash flow since 2011. This covered the $767 million in interest expenses for 2020. Still, the negative cash flow in previous years leads to questions about how Netflix will cover interest expenses if production spending again leads to negative cash flow.\nKnowing this discrepancy, investors should question how long Netflix can finance content development through debt. Eventually, the company may have to dilute shares or scale back development to maintain its financial stability. \nThis approach stands in stark contrast to Amazon's financial picture. Its net sales grew by 38% from year-ago levels to $386.1 billion, and net income rose by 84% to $11.1 billion. Income surged as operating expense growth lagged revenue increases, and, unlike in 2019, Amazon turned a non-operating profit in 2020.\nAmazon's leadership in two industries also serves as an advantage. AWS accounted for $13.5 billion of Amazon's $22.9 billion in operating income in 2020. This allows AWS to subsidize competitive initiatives.\nIn 2019, net income grew modestly for retailing as the company switched from two-day to one-day shipping. As a result, overall shipping costs in 2019 rose by more than $10 billion, or 37% from year-ago levels, during a period when retail sales revenue increased by just over 18%, or $38 billion during that period. However, since AWS increased operating income by 26%, the company still grew net income by 15%.\nAmazon also supports a more stable balance sheet. In 2020, long-term debt increased by more than $8 billion to $31.8 billion. Nonetheless, the $31 billion in annual free cash flow easily covered interest expenses of just over $1.6 billion. Also, since Amazon supports an equity value of $93.4 billion, its debt-to-equity ratio comes in at a more comfortable 0.3. This makes debt a less significant burden for Amazon than for Netflix.\nNetflix or Amazon?\nThat debt picture also helps Amazon come out a clear winner among these tech stocks. Netflix appears headed for a hard choice between financial stability and staying ahead in the content race. In contrast, the profit levels of AWS can insulate Amazon amid a highly competitive retail environment. This success in two different industries of its own creation makes Amazon difficult to challenge.","news_type":1,"symbols_score_info":{"AMZN":0.9,"NFLX":0.9}},"isVote":1,"tweetType":1,"viewCount":1270,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":328833255,"gmtCreate":1615510814177,"gmtModify":1703490183960,"author":{"id":"3568104355560345","authorId":"3568104355560345","name":"Jerrywjl","avatar":"https://static.tigerbbs.com/2e2b981173fec9a97d46ea80ac71efbb","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3568104355560345","idStr":"3568104355560345"},"themes":[],"htmlText":"I like this, and this morning I dream about I picked up 3 gold pendant and a stack of cash in a basket. The dream is so real, and I hope to pick up a basket of fortune here&nbsp;","listText":"I like this, and this morning I dream about I picked up 3 gold pendant and a stack of cash in a basket. The dream is so real, and I hope to pick up a basket of fortune here&nbsp;","text":"I like this, and this morning I dream about I picked up 3 gold pendant and a stack of cash in a basket. The dream is so real, and I hope to pick up a basket of fortune here","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/328833255","repostId":"1134483939","repostType":4,"isVote":1,"tweetType":1,"viewCount":987,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"posts","isTTM":false}