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Viacom, Inc. (VIA)

NasdaqGS - NasdaqGS Delayed Price. Currency in USD
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38.80-3.60 (-8.49%)
At close: 4:00PM EDT
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  • J
    JCBrowns
    JCBrowns
    I guess the big question involving the value of Viacom "B" shares is whether or not the Redstone family will fleece the "B"(VIAB) share owners. Today, the stock probably has an ultimate worth of something like $48 to $60; however, the market is telling us the company will be sold (given away) to some Redstone interest (CBS or a private company controlled by the Redstone family) for some price less than $29 a share. That is the only explanation that would justify the difference in the price of the "A" and "B" shares. Why anyone other than the Redstone family would buy the "A" shares is still a mystery to me under any circumstance.
  • J
    JCBrowns
    JCBrowns
    If default on outstanding loans were a serious problem for Viacom, why would the controlling shareholders be buying additional shares? With VIA rising in price, there is just no logical explanation for VIAB following in price except for fear and manipulation.
    Please provide comments.
  • d
    dougie
    dougie
    With VIA trading $12.65 over VIAB you would think that the Redstones would sell some of their VIA shares and roll it into the VIAB. Just dumb not to.
  • h
    harry
    harry
    The messages on this board are written by people who have no understanding of Viacom. Viacom is essentially an autocratic company. The Redstones,, through National Amusements, control the company while only holding around 9% of the total stock outstanding. Total stock outstanding being the total number VIAB and VIA shares. The Redstones own 80% of the VIA shares which are the voting shares. There are so few VIA shares that the Redstones only own 9% of the total stock outstanding
  • B
    Bunny
    Bunny
    Time to buy more VIAB
  • J
    JCBrowns
    JCBrowns
    Sell off of the VIA shares today is worrisome. Why the folks that control the company would sell their shares (now down more than 8% today) is not good news in my opinion. Good luck to all longs.
  • J
    JCBrowns
    JCBrowns
    From Wikipedia I obtain information concerning Shari Redstone as follows:
    Shari Ellin Redstone (born April 14, 1954) is an American media executive with a background in numerous aspects of the entertainment industry and related ventures.[3] She currently serves as the president of National Amusements as well as vice-chairwoman of CBS Corporation[4] and Viacom.[5] Through National Amusements, Shari Redstone and her family are majority owners of CBS Corporation, Viacom, MTV Networks, BET, and the film studio Paramount Pictures.
    Philanthropy
    Shari Redstone is currently a member of the Board of Directors at Combined Jewish Philanthropies and the Board of Trustees at Dana Farber Cancer Institute.[18] She is also on the Board of Directors of The National Center on Addiction and Substance Abuse (CASA) at Columbia University[29] and the John F. Kennedy Library Foundation.[30] Ms. Redstone recently joined the Board and Executive Committee of “Our Time”, a mass-membership organization that stands for the economic interests and political inclusion of young Americans aged 18–30. She sits on the Local Advisory Board and Executive Committee for BUILD, a non-profit organization which uses entrepreneurship to propel low income youth through high school and into college."

    Shari Redstone's concern with Philanthropy could be a positive indication for VIAB shareholders - only time will tell.
  • B
    BB
    BB
    Why does VIA keep going up and VIAB keep tanking to new 52 week lows? I thought the moved in tandem, relative to each other? Only difference should be voting rights correct?
  • h
    harry
    harry
    There is now a 36% differential between the prices of VIA and VIAB shares. I once read someone who owned VIA shares claim his VIA shares had more value than the VIAB shares because VIA shares were voting shares. Gabooli was his name I believe. In my opinion he was either delusional or simply being dishonest. The Redstones own 80% of the VIA shares which gives them absolute control. Even if the remaining 20%, Gabooli included, were united in opposition to the Redstones they could exercise 0 influence over decision making at Viacom. The non-Redstone VIA shares therefore have no value greater than the VIAB shares since their votes are worthless. So why the price difference and why does it keep growing? When Viacom is folded into CBS will VIAB and VIA shareholders each be given the same price? If not, why not? VIA shares voting rights are worthless. I believe the price differential is growing because people are reading the writing on the wall and thinking if and when the Redstones double deal for themselves they want to be in on it. In my opinion the spread between VIA and VIAB shares is a function of the market's opinion of the Redstone's character. The greater the spread the greater is the condemnation. This is all just my opinion of course and I hope I am wrong. I have lost too much money as is.
  • S
    Sammy
    Sammy

    Quoting from article below: "It feels as if the Board wanted to “tank the stock,” and then set up CBS to be the rescuer."

    https://www.forbes.com/sites/kenkam/2016/10/13/will-the-viacom-board-represent-all-shareholders-or-just-the-redstones/#72c7d6f7678b

    Will The Viacom Board Represent All Shareholders, Or Just The Redstones?
    Shari Redstone assumed control of Viacom by forcing CEO Philippe Dauman to resign and firing his supporters on the Board. Public shareholders have had to watch the drama unfold from the sidelines and trust that the Redstone family would act in the be
    www.forbes.com
  • J
    JCBrowns
    JCBrowns
    Can anyone explain the action is this stock? Thanks in advance to anyone that responds.
  • J
    JCBrowns
    JCBrowns
    Comparison of the stock prices of VIA and VIAB appear to maintain the same ratio since inception of the two classes; however, there is occasionally a delay from time to time. If the past is any indication of the future, VIA increase in price should be great news for VIAB.
  • J
    JCBrowns
    JCBrowns
    The assets of Viacom are worth a lot more than the market appreciates at this time. Have patience.
  • c
    claudio
    claudio
    why are they killing Viab i thought with the new ceo this stock would excel i thought it would go the other way, what is going on long term bag holder????
  • d
    decoflair
    decoflair
    This company has not participated in the great BULL market. The company needs to be sold to another media type corporation that can manage Viacom's assets in a more efficient manner. Viacom had a huge buy back program where it spent a few billion buying back its stock at prices much higher than this level. An extremely poor management decision. Now look at where we are.
  • J
    John Lennuh
    John Lennuh
    Great time to buy, this is a pretty large overreaction.
  • J
    JCBrowns
    JCBrowns
    Question - Why would anyone sell the B shares when the A shares are up over 4%? Certainly the owners of the A shares have a greater understanding of corporation worth.
  • J
    JCBrowns
    JCBrowns
    The voting shares (VIA) are up even though the percent dividend is lower than the VIAB shares. Which owners know more about the prospects of the company - the answer is obvious.
  • T
    Tycrris
    Tycrris
    Technical strong buy at helpisland. On watch for clear above 42.05.
  • V
    Vincent
    Vincent
    The market is basically saying VIAB has no value is a worthless company...kind of funny. Possibly one more day lower and this may be one of those buys that you will say why didn't I buy some when it is back at $34-$35 in a month or more.