Who Is Right: AT&T's CEO or People Obsessed With Netflix Stock?

AT&T's CEO is bullish on the future of TV. Netflix shares up 106% this year suggest he should temper his enthusiasm.
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AT&T's (T) - Get Report CEO Randall Stephenson came out very bullish on the future of TV at a Wells Fargo conference on Thursday. Makes sense in light of his mega deal for Time Warner (TWX) . But, Netflix (NFLX) - Get Report shares hovering around an all-time high suggests Stephenson should temper his enthusiasm. 

Meanwhile, the market looks lame right now and Action Alerts PLUS holding PayPal (PYPL) - Get Report continues to make big deals.

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