we are all aware of the hedge fund that was very over leveraged into viacom, cough cough archegos, lol. Well where else an you find a long lasting company, that has actual value like this. Paramount is the entertainment business which is growing as fast as the tech sector in my eyes & may possibly perform just like it or even better because of the pandemic still weighs down on the department that they rely on the most.
The New York-based company operates through three segments: TV Entertainment (42.4% of 2020 revenues), Cable Networks (49.9%) and Filmed Entertainment (10.1%).
from a technical pov, 40 is a good support level and seems to be a massive demand zone. with no real resistance or price action until around $85.
The New York-based company operates through three segments: TV Entertainment (42.4% of 2020 revenues), Cable Networks (49.9%) and Filmed Entertainment (10.1%).
from a technical pov, 40 is a good support level and seems to be a massive demand zone. with no real resistance or price action until around $85.