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CBS Corporation Message Board

  • sapshooter sapshooter Dec 15, 2007 11:21 AM Flag

    Writers Strike . & It's effect

    Ohh let me get in on this Virgin Meat, let's gang-bang it the first time...

    In all seriousness though, I'm looking for thoughts here on the writers Strike and it's effect upon CBS. I believe they have the shortest pipeline of scripts and that many of their shows will go into re-run as of January 1, 2008.

    NBC has started already refunding Advertisers money, see the GE headlines. Not good to be reversing revenue out...can't bode well for earnings. Will CBS follow, I'd think they have to.

    The stock right now is trading near it's 52 week low of $25; whatsmore the short interest is only 3.6%; even so, this looks to me to be a great time to short or buy puts in light of the unresolved writers strike.

    Thoughts, lettem rip..


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