It continues to be in a turnaround situation where there is plenty of upside as they improve things. She thinks there are a few more years and then you still hold it long term. The assets are every valuable and they have been just struggling with management.
“Cord cutting” has affected every media company that traditionally made its money over cable. Consumers are going to get their content in a myriad of other ways, and are not going to buy cable packages that supported a lot of channels that individually people would not have chosen.
Media stocks have been decimated. Everybody was excited about mergers that were going to happen, but that didn’t happen. One of the reasons could be advertising and people worried about a slowdown. Very cheap valuation. Smart management.
Viacom Inc. is a American stock, trading under the symbol VIA-Q on the NASDAQ (VIA). It is usually referred to as NASDAQ:VIA or VIA-Q
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On 2024-06-13, Viacom Inc. (VIA-Q) stock closed at a price of $10.99.