CBS

CBS Corp

TMT, Event Driven/Special Sit


Presented:04/07/2017
Price:$68.67
Cap:$29.46B
Current Price:$10.50
Cap:$7.00B

Presented

Date04/07/2017
Price$68.67
Market Cap$29.46B
Ent Value$36.07B
P/E Ratio24.97x
Book Value$8.95
Div Yield0.01%
Shares O/S429.00M
Ave Daily Vol3,264,688
Short IntN/A

Current

Price$10.50
Market Cap$7.00B
CBS Corp. operates as a mass media company, which creates and distributes content across a variety of platforms to audiences around the world. The company operates its business through following segments: Entertainment, Cable Networks, Publishing and Local Broadcasting. The Entertainment segment is composed of the CBS Television Network, CBS Television Studios, CBS Global Distribution Group, CBS Films and CBS Interactive. The Cable Networks segment is composed of Showtime Networks, CBS Sports Network and Smithsonian Channel. The Publishing segment is composed of Simon & Schuster, which publishes and distributes consumer books under imprints such as Simon & Schuster, Pocket Books, Scribner, Gallery Books, Touchstone and Atria Books. The Local Broadcasting segment is composed of CBS Television Stations and CBS Radio. CBS was founded by Sumner Murray Redstone in 1986 and is headquartered in New York, NY.

Publicly traded companies mentioned herein: Alphabet Inc (GOOGL), CBS Corp (CBS), Verizon Communications Inc (VZ)

Highlights

The presenter is long shares of CBS (CBS), viewing it as one of the better positioned media companies to adapt and benefit from evolutions in the broader media landscape. The presenter predicts 2017 EPS will be similar to Street estimates, but he thinks CBS will see $5.30 in 2018 EPS, versus the Street’s $5.05.

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Idea Discussion

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