Paramount Global (PARA): Investor Discussion

Paramount Global - Ordinary Shares - Class B

TMT


Presented:01/31/2024
Price:$14.59
Cap:$9.50B
Current Price:$10.50
Cap:$7.00B

Presented

Date01/31/2024
Price$14.59
Market Cap$9.50B
Ent Value$24.42B
P/E RatioN/A
Book Value$33.53
Div Yield2.67%
Shares O/S651.41M
Ave Daily Vol17,209,393
Short Int13.83%

Current

Price$10.50
Market Cap$7.00B
Paramount Global operates as a mass media company, which creates and distributes content across a variety of platforms to audiences around the world. It operates its business through the following segments: Entertainment, Cable Networks, Publishing, and Local Media. The Entertainment segment is composed of the CBS Television Network, CBS Television Studios, CBS Studios International, CBS Television Distribution, CBS Interactive, and CBS Films, as well as the company's digital streaming services, CBS All Access and CBSN. The Cable Networks segment includes Showtime Networks, CBS Sports Network, and Smithsonian Networks. The Publishing segment manages Simon & Schuster's consumer book publishing business with imprints such as Simon & Schuster, Pocket Books, Scribner, and Atria Books. The Local Media segment handles CBS Television Stations and CBS Local Digital Media, with revenues generated primarily from advertising sales and retransmission fees. The company was founded by Sumner Murray Redstone in 1986 and is headquartered in New York, NY.

Publicly traded companies mentioned herein: Amazon.com Inc (AMZN), Berkshire Hathaway Inc (BRK/B) Charter Communications Inc (CHTR), Paramount Global (PARA), Walt Disney Co/The (DIS), Warner Bros Discovery Inc (WBD), Wells Fargo & Co (WFC)

Buyout Prospects & Sentiment

The group was largely bearish on PARA and felt that not only was the most recent buyout offer overvaluing the company, but that Byron Allen is not a credible buyer. One bearish investor, when discussing Berkshire Hathaway’s position in the stock, believes his thesis might have resonated with some people a year ago, but there isn’t a clear path on the long side unless Allen is holding his cards close to the vest.

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Idea Discussion

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