Stock Pitch: Paramount
Stock Pitch: Paramount
Media operator with slashed estimates seeing its fundamentals improve
Paramount (NASDAQ: PARA) operates some of America’s largest cable networks (CBS, Nickelodeon, SHOWTIME, Comedy Central, etc), streaming services (Paramount+, Pluto), and production studios (Paramount Pictures). While my childhood dream of being on the Amazing Race hasn’t come true, it did help me find what could be a winning stock :)
While viewing the stock on its own merits, I do want to highlight that the company could be an M&A target. The content industry needs to consolidate and Paramount owns a treasure trove of IP at a price major players could choose to acquire. While Disney, Comcast, and Fox can’t buy the company due to federal regulations on cable network consolidation, there are potential buyers, and people following the stock should be aware of this.
The audio at the top of the page/email gives more detail to my thesis. As always I greatly appreciate any constructive criticism and feedback, I know there’s a lot I need to improve on!
Disclaimer: I hold no position in PARA at the time of this piece’s publication