Added to YB: 2024-02-01
Pitch date: 2024-01-31
PARA [bearish]
Paramount Global
+23.88%
current return
Author Info
No bio for this author
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Company Info
Paramount Global operates as a media, streaming, and entertainment company worldwide. It operates through TV Media, Direct-to-Consumer, and Filmed Entertainment segments.
Market Cap
$8.9B
Pitch Price
$14.50
Price Target
N/A
Dividend
1.56%
EV/EBITDA
9.73
P/E
-11.26
EV/Sales
0.76
Sector
Media
Category
special_situation
Show full summary:
Paramount: Bidding War And Short Squeezes Ahead
Byron Allen bids $30B for $PARA ($21.53 non-voting, $28.58 voting), below $34 book. Aims to spark bidding war despite low offer vs $30B studio est. 12% short int may squeeze if price rises. Undervalued $PARA assets attract interest, no rush to sell.
Read full article (5 min)