Netflix Bonds Backed by Whim of Creativity
https://www.bloomberg.com/gadfly/articles/2017-10-23/netflix-bonds-depend-on-the-whims-of-a-fickle-muse [www.bloomberg.com]
2017-10-24 15:59
It’s important to realize that this company’s entire business model relies on a very compliant debt market. Understandably, stock investors like the Netflix strategy because the more the company borrows, the more upside they have. But bond investors are taking on more and more risk without that same upside.