Added to YB: 2024-02-02
Pitch date: 2024-02-01
PARA [bullish]
Paramount Global
-21.89%
current return
Author Info
No bio for this author
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
$14.13
Price Target
21.00 (+90%)
Dividend
1.56%
EV/EBITDA
9.73
P/E
-11.26
EV/Sales
0.76
Sector
Media
Category
special_situation
Paramount: Ride The Bids Higher
PARA: Allen Media lowers bid to $15B ($28.58/voting share, $21.53/non-voting), valuing co. at $30B w/ debt. Apollo & Skydance also interested despite streaming struggles. P+ at 63M subs but $238M Q3 loss. TV biz declining. Stock at $14.50, $1.29 EPS floor. Upside potential on deal & DTC profits.
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