We seem to be destined to generate a new 52 week low. Bottom fishing with CBS is akin to fly fishing from a kayak in the Pacific Ocean's Mariana Trench.
with today's close at $56.84, the stock is down $6.90 YTD, down 10.8 percent from 12/31 close which was $63.74. Now I hope the declining momentum has no effect on Les' executive compensation. Let's wait and see.
New push to enter digital space by PLWY gets momentum after management announces a new rev share deal with AppRocket Studio. Traders flex their muscle as the stock looks to break .60 a share
I am Happy Now After listening to the Call I think CBSO will also fair well especially with the change to REIT dividend and the Quarterly I got a little scared the other day but I held on.!!!
Sentiment: Strong Buy
Trying to get Sumner Redstone to sell CBS would be harder than wrestling a T-bone steak from a wild tigers mouth. He is not one to negotiate.
Gentlemen, what's all the yelling about? CBS beat the street today with it's 2nd quarter results...and was a little short on revenue...a "little" short on revenue. This is a strong company going forward. The 3rd quarter should blow the socks off the street once the new season starts with new shows, sporting events (including NFL Football). The hedge fund managers have been very hard on this stock for NO reason! We were at 68 in March. Came down because of shorts and Fund Managers. We won in the Supreme court and beat Aereo..stock was at 63 and came down. Stock went back up because of Murdoch's bid for Time Warner, but then it came down. There really wasn't any reason for this stock to come down. It should be trading much higher and it will. I see an upside in the weeks to come.
Analysts seem to believe that CBS will miss earnings this quarter. I believe the consensus figure is 77 cents. Zacks estimate is 72 cents, 5 cents off the consensus. Hopefully, CBS can come up with a favorable earnings surprise.
Moonves will unload mucho shares with options executions immediately, virtually every month. It is part of his executive compensation package. Although his salary is about 3.5 or less million dollars, his stock options sales will garner him in the high tens of millions of dollars annually. Historically, Redstone's and Moonves' compensation combined have exceeded 100 million dollars in a given year. Mind you now, they never purchase any shares, they receive the stock options like candy.