Media

It is crazy how cheap media firm ViacomCBS (VIAC) got in the early part of last year. I mean, the CBS and Paramount Pictures owner last featured here back in May 2020. It traded for circa $19 a share at the time. Prior to that, it was covered in late March, just when COVID really got going. The shares changed hands for circa $16 each…

Of all the stocks covered on the site, Disney seems one of the unluckiest with respect to COVID-19. I say that for three reasons really. Firstly, nearly all of its operating segments look exposed to the impact of the pandemic. I mean, the Parks, Experiences and Products segment has obviously taken a big hit from park closures. They will only operate at reduced capacity when they…

Media firm ViacomCBS (VIAC), the owner of assets such as Paramount Pictures, CBS and Nickelodeon, is one in a long line of stocks now priced for destruction. It trades for 3x pre-COVID estimated 2020 underlying earnings of around $5.30 per share. That isn’t a typo by the way; the company’s stock has lost over 60% of its value since the turn of the year. Heck, the merger…

It is an exciting time to be a Disney (DIS) stockholder. Between its movie studios, streaming services, new theme park attractions and incorporating the 21st Century Fox assets (“21CF’), there is just a heck of a lot going on right now. In fact, I don’t even know where to begin with Q1 2020 financial results coming out of Burbank yesterday (Disney runs on a September…

The Walt Disney Company (DIS) declared a semi-annual dividend of 88¢ per share last week, unchanged year-on-year. Since Disney switched to paying twice-yearly back in 2015, the December one has always represented the “raise”. That means it looks increasingly likely that Disney’s fiscal 2020 (remember its financials run on a September-to-September calendar) will not see a rise in the annual dividend. Granted, it could raise…