DD: The Selling on Viacom last week between 3/22-3/26 was blown out of proportion, this was clearly a Hedge Fund fueled sell off to scare the long term holders into selling, but the fundamentals for ViacomCBS seem very strong in the future, there are deals with big companies like Hulu & Netflix to carry there content, and they also have there newest in-house offerings with Paramount Plus & Pluto TV as ways to smoothly transisation from Live TV over to streaming & house all there Viacom & CBS Content under one roof in Paid & Free Ad-Free & Ad-Supported offerings, and there is also there in-house Premium offerings with EPIX where all the hit Paramount Movies are all under one roof, with all of this combined they can create future growth & re-bulid strength within the company.
PT #1: $63 @ .382 Fib
PT #2: $70 @ .500 Fib
PT #3: $78 @ .618 Fib
PT #1: $63 @ .382 Fib
PT #2: $70 @ .500 Fib
PT #3: $78 @ .618 Fib
Comment:
Okay so a little over 2 years later... i was wrong on Viacom (Now Paramount) with the stock tanking over 60% since i originally published this idea, the company apparently suffering recently with a recent dismal earnings report and a massive dividend cut.
