NEW YORK (TheStreet) -- My article last week discussing why Apple (AAPL) should buy Netflix (NFLX) caused quite a stir. Aside from eliciting anger from readers, it compelled (among others) TheStreet columnist Rocco Pendola to question my judgment (to put it mildly).
Aside from calling the idea "inane," Pendola argued:
"There's no good reason for Apple to get involved in the content game. It's complicated. It's expensive. It's a pain in the butt. And there's not enough of a payoff, relative to what Apple's used to, to make all the time and aggravation worthwhile."
I can offer several reasons why Apple should make this deal for Netflix. But only two reasons matter. And TheStreet's Jim Cramer agrees with them. Last year, Cramer raised the same argument.
Cramer, it should be noted, made that case in March 2013 when Netflix's stock was trading around $184, whereas now, after climbing more than 85% over the last 12 months, it trades at $352.03.
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