Seeking Alpha by Adding Beta

If one asks the question "which is most valuable media company?", what would be your answer? With blockbuster franchises like Disney, Starwars, Marvel, Pixar, all Disneyworld theme parks, ABC, ESPN and many other valuable assets, answer should be obvious that Disney is most valuable media company in the world. And that answer would be correct for now! In 2019 most likely the answer is going to change to Netflix as most valuable media company. What a shakeup in span of just one decade. Ten years back, Netflix was struggling to survive and had to be rescued by Carl Ichan (who made billions on his investment) and now we are discussing Netflix becoming most valuable media company surpassing Disney. However this should not be surprise to students of how economy and markets progress. Old gets replaced by new. We had seen it in so many industries time and again. Let's see how these two companies stack up in 2018: Revenues: Netflix: $13B; Disney: $56B Market Cap: Netflix: $...

The earnings season is almost getting wrapped up and race to become first trillion $ company is getting to finish line. During dot-com bubble, there were couple of contenders mentioned (Cisco, Microsoft) but then bubble busted and these companies lost the momentum in that race. During last few years, the race is back on and most likely in 2018 we will see first even trillion $ company. Here are real contenders in that order: Apple: $927 Billion Amazon: $780 Billion Microsoft: $750 Billion Alphabet: $764 Billion Facebook: $550 Billion Not surprisingly that all of these are tech companies and within themselves they have market cap approaching $4 Trillion (exceeding GDP of all but top 4 countries - US, China, Japan and Germany). Given the momentum Apple has regained after latest earnings results, the crown would most likely go to Apple to become first company to cross this milestone in 2018 followed by Amazon either in 2018 or 2019. Remaining two companies (Google and Microsoft...