06-10-2023, 06:45 PM
Trading at a price to book of 0.4 with solid intellectual property assets backing it, Paramount seems like a "Must Look At" stock for value investors.
Buffett is down 60% from his entry near $30. Berkshire has a 15.4% stake.
Their streaming business is still bleeding cash. A one-off programming charge of 2.37 billion dollars was the cause for their losses in HY23. If not they are profitable in the tune of close to 950 million dollars for HY23.
We are cautiously optimistic in this turnaround play.
Click Here for the Full Article:
https://thebigfatwhale.com/paramount-war...t-mistake/
Buffett is down 60% from his entry near $30. Berkshire has a 15.4% stake.
Their streaming business is still bleeding cash. A one-off programming charge of 2.37 billion dollars was the cause for their losses in HY23. If not they are profitable in the tune of close to 950 million dollars for HY23.
We are cautiously optimistic in this turnaround play.
Click Here for the Full Article:
https://thebigfatwhale.com/paramount-war...t-mistake/