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Baseman Initiates Coverage on Viacom CBS (VIAC) Strong Buy
Baseman
Member Posts: 12,365
After recent attention from @godawgst, citing VIAC's modest $15B is "pocket change for FB, Apple, Google, Amazon" cash rich companies hungry for media content and further analysis, we have raised VIAC to Strong Buy with a near term (1yr) price target of $45.
Conservatively one should expect VIAC to touch at least $45 a share by 2021 - 60% upside from current levels. Long term (over the next five years) shareholders could see $100 a share (3x)
ViacomCBS, Inc. formed following the merger of Viacom, Inc. and CBS Corp. as of 12/4/19. The global media and entertainment company’s portfolio includes CBS, Showtime Networks, Paramount Pictures, Nickelodeon, MTV, Comedy Cen- tral, BET, CBS All Access, Pluto TV, and Simon & Schuster, among others. Operating segments: TV Entertainment (43% of 2019 v’s.), Cable Networks (45%), Film (10%), and Publishing (3%). Sumner Redstone’s NAIEH/National Amusements, Inc. controls 80% of Class A and Class B shares
PE: 7
P/FCF: 6
Info only, pigeons. Not an offer or solicitation.
Conservatively one should expect VIAC to touch at least $45 a share by 2021 - 60% upside from current levels. Long term (over the next five years) shareholders could see $100 a share (3x)
ViacomCBS, Inc. formed following the merger of Viacom, Inc. and CBS Corp. as of 12/4/19. The global media and entertainment company’s portfolio includes CBS, Showtime Networks, Paramount Pictures, Nickelodeon, MTV, Comedy Cen- tral, BET, CBS All Access, Pluto TV, and Simon & Schuster, among others. Operating segments: TV Entertainment (43% of 2019 v’s.), Cable Networks (45%), Film (10%), and Publishing (3%). Sumner Redstone’s NAIEH/National Amusements, Inc. controls 80% of Class A and Class B shares
PE: 7
P/FCF: 6
Info only, pigeons. Not an offer or solicitation.
Comments
h/t @godawgst
You're welcome btw.
https://www.sec.gov/oiea/investor-alerts-bulletins/ia_rumors.html
Just remember - it's not the guy at the company giving you the inside scoop whose at risk. It's the guy that trades on the insider info who will go to the gray bar hotel.
Unless you're in Congress and then we call that "Friday".
Tipping Liability is the most pernicious trap in the anti-fraud rules. It is a risk for the unwary. So, free legal advice for the day. If you have MNPI, don't even tell your spouse about it. She tells her mom (my CSO tells her mom everything), mom blabs and another family member trades, you are at risk now.
Just forget what Blue Horseshoe thinks about BlueStar. Move on. It's not worth it.
Bought at 30/25/21/10 in March/April 2021 and then sold as started climb. Last sale was at 89. Still have 1/4 of position left.
When it hit 40 today tried to get in, but was late.
No chance on gods green earth it was worth 100 (how do you feel if you agreed to buy when they announced capital raise by bankers at 95 and 100 this week and 5 days later it's worth half that. Ouch) as their streaming service is JAGGY just like Peacock, but better than AT&T, and behind Discovery plus and of course Netflix and Disney.
Absolute crater it did this week was Gamestop like, which makes me wonder if the reddit warriors were behind it's meteoric rise more than I thought.
If so, for a TRADE only, if you buy under 50, at some point in the next 2/3 weeks it will rocket back up to mid 60's. When it does pull the rip cord and take the win.
Rich people can be real idiots.