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"Please Not Another Article About Streaming!" Don't worry, this won't be yet another article mainly about whether streaming will work or not (and yet I won't come around to say a few words about it).
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Paramount: An Immensely Misunderstood Linear Networks Business
Summary
- CBS is a highly profitable, misunderstood, and overlooked asset that is a hidden diamond in the Linear Networks segment.
- Paramount offers immense upside with high downside protection based on a sum of the parts analysis.
- The article offers a deep dive into the Linear Networks business and provides an alternative view to the consensus that "Linear Networks is a dying business model".
I´m a German value investor with a strong focus on companies that can be bought with a high margin of safety far below their intrinsic value. My portfolio is very concentrated with around 5-10 companies and a preference for small, underfollowed public companies. One of my contrarian views is that risk and return can be inversely correlated, so I bet big if the risk/reward ratio is highly asymmetrical.
Analyst’s Disclosure:I/we have a beneficial long position in the shares of PARA either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.
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