Jul. 30 at 9:55 AM
$BZFD Did a lot more research on Byron Allen and BZFD, there's a serious cash flow problem given all of his networks bleeding cash, that's why he bought BZFD (which is also bleeding money), he needed a digital platform to convert the content from his networks that aren't generating enough ad revenue due to their non digital format (i.e., cord-cutting). The first BZFD earnings post acquisition is 8/4. Until there's clarity surrounding the Netflix partnership which starts 8/3 and whether they initiate a public offering (75-80% chance) after 2nd qtr earnings on 8/4, tread carefully. Still long term bullish if cash strain hurdles can be remediated, but long road ahead.
