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VIAC
Baseman
Member Posts: 12,366
Closed out a 3 bagger on this earlier this year. Bought 1,000 shares recently, average of ~$38.
Looks like it may run again. Was trading at 10x 2021 earnings. Historically it’s traded at 13x. 30% upside on getting back to average multiple.
Factor in a possible acquisition from a tech titan and huge discount to overall market, this has a lot of room to run.
They also completed a secondary offering of $3 billion when the shares were at $87 and planned on using the funds for content development. They could also buyback the shares at a significant discount to the secondary price.
Looks like it may run again. Was trading at 10x 2021 earnings. Historically it’s traded at 13x. 30% upside on getting back to average multiple.
Factor in a possible acquisition from a tech titan and huge discount to overall market, this has a lot of room to run.
They also completed a secondary offering of $3 billion when the shares were at $87 and planned on using the funds for content development. They could also buyback the shares at a significant discount to the secondary price.
Comments
Bought at 25 last May and watched it skyrocket to high of 108 b/4 Hedge Fund Shell Game caught up with a trader. Used sell stops, etc on way up kept taking gains, etc, etc. No doubt my best trade ever.
Founders daughter is Sherry Redstone who I think knows she does not have the capital even remotely necessary to build out her streaming platform (Paramount plus is crappie) and unlike her dad will eventually agree begrudgingly to put the company up for sale. Ironically a jewel in their platform that I like is Pluto. It's the poor man's Roku, but there is ton of content you can watch for free for almost every genre.
Comcast/Peacock needs to buy them for the exact reason that Viacom has and that is lack of content. Stumbling block is they won't be allowed to own both CBS/NBC networks, but I could see someone like Jeff Bezos wanting to have one of the broadcast networks for just finding his lost change in the couch, or if he just decides to spin out AWS.
I watch a lot of Beverly Hillbillies on Pluto.
Never done this before, feel like I just threw down 2k at the craps table. Probably should’ve just lit the money on fire instead. At least I would’ve know what I was doing then.
If this goes belly up I’m engraving @backthepack @PostGameOrangeSlices @Baseman, and a couple of you other fucks, on the sword prior to my seppuku ceremony.
BTW, you a little horny or something fudgie. Posting a lot of skinny big tittied hoes on twatter tonight. Keep it up.
I need to grow some balls is the moral of this sonnet.
Need real time hunches por favor.
I don’t do crypto. Have a pretty standard watch list of some up and comers and stalwarts that have been performing well.
And just wait for them to dip and then buy them. I’m an amateur long hauler.
The ups and downs of that hobby bored are unprecedented fur shur.