Check the insider selling in cbs since the beginning of this year. With all the good news around and several buy recommendations and the market up the share price is lower right now than the closing price on january 4, 2010. The share price is down nearly 5% since making a high.
Simple, CBS isn't going anywhere because its already arrived. Look at CMLS, up 1000% this year and still reporting losses, another loss reported today.
Media stocks are hyped up, topped out and flush with momentum traders, look for corrections soon.
LOL.. your funny man. Just take a look at the 1 yr chart and it's totally against what you are saying. We have March Madness, great shows, increased Political ads, also CBS stability upgraded. CBS is doing good, and as the economy continues to inprove so will CBS share price. IMO
I've said all of that and since I wrote my blurb the shares have been down almost half the trading days on 92.6 million shares in an UP market. I'm long probably with more shares than you and the action is lousy. I hope that the Horiscope analyst who forecasted this coming week as the breakout week is correct. When insiders were selling at $3.50 to $5.00 that tells you something about Management. They should have been buying shares with some of the big bux they take home.
The NCAA Tournemen ratings lead last night in Prime Time (A18-49 and total viewers in all three hours)and if anyone thinks Woods will make the shares go up even after the Masters has great ratings they'e crazy. There were insiders selling shares March, 2009 at the BOTTOM.