ViacomCBS (VIAC)

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…

I made the value case for ViacomCBS (VIAC) stock around two months back. At the time, the owner of Showtime, Nickelodeon and MTV traded for about $16 per share, or some 15% below the current $19 stock price. It is strange to think that the CBS/Viacom merger only completed last December; it feels like a lifetime ago given what has occurred since. Anyway, I note…

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…