Jim Cramer: I'm Not Backing Away From Netflix
Jim Cramer says he is a fan of Netflix and believes the video streaming service is a buy for investors.
TheStreet's Jim Cramer says he is a fan of Netflix (NFLX) - Get Report and believes the video streaming service is a buy for investors.
"I think Netflix is an undervalued franchise. I think Netflix is the way people watch TV," said Cramer.
He said Apple (AAPL) - Get Report should've acquired the company, but that now it is too late.
"Apple doesn't seem to want to do a big acquisition. It's a shame, because their stock would fly with the service revenue that would come from Netflix," Cramer commented.
