Again, these scenarios are strictly speculative. But there may be a very tangible takeaway – and that is, Netflix appears to be quickly becoming a media powerhouse.
"Reed Hastings is saying very specifically that Netflix currently has 30 million U.S. subscribers alone," Cramer explained. According to research from SNL Kagan, that's about the same as HBO.
Also, Netflix may have a business model that better navigates the future landscape of media.
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"According to Hastings, people will cut the cord to their cable company over time because most people don't want most of the programming that is offered," Cramer said. "They just want targeted programming. We all wade through hundreds of stations we don't want to get to what we do want. Hastings is saying that will go away."
If that's indeed the case, Netflix may be in the sweet spot. (Read More: Consumed with Disdain Street Missing Netflix Virtues?)
Now make no mistake, all of what you're read above is conjecture. However, Wall Street is awash with conjecture – it can lead to smart and strategic investment decisions. "Trust me," Cramer added, "this is an important part of investing and precisely what professional investment bankers do every day."
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