ITMS
7年前
Know This Trade Level For This Top Media Stock
This morning, leading media and content provider, CBS Corporation (NYSE:CBS) is falling lower by 0.39 to $55.01 a share. The stock price of CBS has been under pressure since July 2017 when it traded as high as $68.75 a share. Many traders and investors are now trying to find a bottom for CBS stock, but the stock remains weak on the charts.
Currently, CBS stock is oversold on a daily chart, but it remains in a weak technical position. CBS stock trades below its 50-week moving average which is never a good sign for a stock. Traders must now watch the $48.75 area as the next major support level for the stock. This is where the stock was defended back in September 2016. Often, major support levels from the past will hold up when retested. This level is where I would likely be a buyer in CBS stock.
Nicholas Santiago
InTheMoneyStocks
investora2z
12年前
The results of the last quarter added strength to the uptrend and the stock is now more than 50% up on a 52 week basis. On a longer term, it has been a multi-bagger with exceptional returns over the last 4 years. The net income has multiplied by more than 7 times from $226 million (2009) to $1.634 billion (2012). Even in the last quarter, there was a good 24% growth in EPS with a 6% growth in revenues. Amongst the analysts, Bank of America Merrill Lynch has the highest price target of $60 for the stock. The stock is now trading at 19 times ttm earnings and around 14 times forward earnings. The PEG ratio is also around 1.3 which indicates reasonable expectations of growth in the next few years. The entertainment segment contributes maximum to the revenues, and in last quarter it contributed $2.5 billion out of the $4 billion. The segment contributed $480 million to the OIBDA of $916 million. The cable network, which has the Showtime Networks, CBS Sports Network, and Smithsonian Networks, reported higher margins with OIBDA of $231 million on sales of $478 million. The segment contains businesses like fantasy sports which have good growth potential. Fantasy sports, especially the daily version, has attracted interest & investment from Comcast (CMCSA) and MGT Capital Investments (MGT). The outdoor advertising business has remained a drag on earnings in the last quarter. European and Asian outdoor businesses are expected to be sold within this year. For the American outdoor business, the company has already submitted a request to qualify the business as a real estate investment trust (“REIT”). It is planning to bring an IPO for selling minority ownership of the business. The expected growth is likely to help the stock continue its good performance over the next few quarters, provided the markets remain stable.
abnpayne
15年前
Last.fm on Xbox 360 (CBS owns Last.fm)
This is one of the additions coming on Xbox's next MANDATORY update.
http://www.xbox.com/en-US/live/features/lastfm.htm
With Last.fm on Xbox 360, Xbox LIVE Gold Members can easily select music preferences to explore endless personalized radio stations with a library of more than 3.5 million tracks. Skip, "ban," or 'love" tracks to tailor the radio station to your tastes.
Combining the best of streaming radio with the entertainment center in the living room, Xbox LIVE and Last.fm amplify the options of creating custom entertainment experiences. Share music with your friends, manage your customized radio station, and create your own soundtrack for your living room, on the best speakers in the house.
Social Experience
Nothing brings parties to life quite like great music. Bring your Xbox LIVE parties to life with millions of songs from Last.fm. Discover new music based on what your friends are listening to, and get the party started in your own living room, by creating custom radio playlists on Xbox LIVE with Last.fm.
Subscribe to Last.fm and it gets even better
No ads, play your loved tracks radio, get exclusive access to new features and much much more… Subscribe now for $3.00/month.
Additional features:
* Uninterrupted radio listening
* Ad-free browsing and streaming
* Recent visitors to your profile
* Loved Tracks Radio - a super custom station, made up of just the tracks you mark as loved
Netflix has nearly tripled since they became a part of XBoxLive last fall...
Many factors contributed to Netflix's growth, exposure to 17 million XBoxLive users, sure didn't hurt...
MWM
16年前
‘Only CBS’ Touts Top Network as Ad-Sales Push Nears (Update2)
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By Andy Fixmer and Sarah Rabil
May 4 (Bloomberg) -- CBS is mounting a marketing campaign on its own TV and radio stations to burnish the network’s image ahead of sales meetings with television advertisers this month.
The first “Only CBS” spots aired yesterday on “Face the Nation With Bob Schieffer,” “CBS News Sunday Morning” and “60 Minutes.” The ads, also on billboards and Web sites, kick off CBS Corp.’s biggest effort to sell itself to advertisers.
The campaign, coming during a slide in advertising, reminds viewers, listeners and marketers that CBS is the only major TV network to attract more prime-time viewers this season. New York-based CBS is also the most dependent on the advance commitments advertisers will make ahead of the new TV season that starts in September, according to Anthony DiClemente, an analyst at Barclays Capital.
“Billions of dollars of ad time will be up for grabs at the end of May,” George Schweitzer, CBS’s marketing chief, said in an interview. “At a time when there is a lot of negative news about the economy and the marketplace, we have bona fide positives and we want to make sure that message gets out.”
Advance commitments to network TV advertising are expected to drop 15 percent this year to about $7.4 billion, DiClemente wrote in an April 24 report. Total broadcast TV ad spending will likely slump 19 percent to $35.4 billion, he estimated earlier.
Such “upfront” spending represented about 18 percent of CBS’s $14 billion in 2008 revenue, the most of the largest broadcast networks, according to DiClemente. NBC, owned by General Electric Co., was second at about 11 percent.
Market-Share Push
CBS hopes to grab a bigger piece of those ad shrinking budgets, partly by promoting its audience gains and return to the lead in total viewers, Jo Ann Ross, president of network sales, said in an interview.
“Dollars follow eyeballs in my world,” Ross said.
Top 10 prime-time dramas including “NCIS,” “CSI” and the new show “The Mentalist,” along with the news magazine “60 Minutes,” now in its 41st season, have helped CBS increase its nightly audience by 11 percent to 11.1 million viewers, according to Nielsen Co., whose ratings help set ad rates.
CBS has also posted a 4.6 percent increase in the 18-to-49 age group, the audience marketers covet. News Corp.’s Fox network, last year’s ratings leader, has lost 16 percent of its total viewers and 18 percent in 18-to-49 even with “American Idol” continuing to be the most-watched TV show.
CBS gained 1 cent to $7.20 at 4 p.m. in New York Stock Exchange composite trading. Shares of the company, controlled by Sumner Redstone, have declined 12 percent this year.
Hold the Line
When they meet with advertisers, the networks may hold back inventory in an effort to maintain prices, according to David Joyce, a New York-based analyst with Miller Tabak & Co. He estimates in an April 24 report that the networks will sell 10 percent fewer minutes in advance.
CBS Chief Executive Officer Leslie Moonves predicted higher prices at a Deutsche Bank conference in March.
To spread the message, “Only CBS” spots can run on the company’s 30 TV stations, 137 radio stations, Web sites and billboards in the 50 largest U.S. markets. Print ads will appear in the New York Times and USA Today. Schweitzer declined to put a price on the campaign.
With its audience gains and looming programming changes at NBC, CBS also may be the only major network that can promise higher ratings next season, DiClemente wrote.
NBC plans to air a new talk show featuring Jay Leno at 10 p.m. on weeknights, a slot now occupied by programs including “Law & Order.” With the change, NBC is cutting five hours of weekly scripted programming, leaving only CBS and Walt Disney Co.’s ABC with such shows at 10 p.m.
“We have traditionally had a strong 10 p.m. time period,” Ross said. “Now it will only be a two-network race. Not everyone will tune in to Leno five nights a week.”
To contact the reporters on this story: Andy Fixmer in Los Angeles at afixmer@bloomberg.net; Sarah Rabil in New York at srabil@bloomberg.net
MWM
16年前
Redstone says U.S. on brink of bull market
Wed Apr 29, 2009 7:31pm EDT
BEVERLY HILLS, Calif, April 29 (Reuters) - Sumner Redstone, executive chairman of CBS Corp (CBS.N), said on Wednesday that he thinks the U.S. stock market is at the start of a bull market.
The octogenarian media mogul also said he has no plans to step down anytime soon or give up his controlling positions in CBS or Viacom (VIAb.N) .
"The one thing I would never do is lose control of CBS and Viacom," he said, adding, "I have no intention of retiring or dying. I could live and work forever," he said, attributing his robust health to antioxidants, exercise and a shot of vodka a day.
The U.S. economy shrank by a surprisingly steep 6.1 percent in the first quarter, hit by a record plunge in the business inventories and exports, but various investors also read signs of recovery in the report. [ID:nN2987998]
"I think we're in the beginning of a bull market. When a bull market begins, nine months later the economy turns around," said the the media mogul at the Milken Institute, who said he felt like he had the vital statistics of 20 year old.
"It was always tough, but today we are in the throes of something we have never seen in our history. It's clear in recent times the market is looking for a bottom."
"The news was extremely bad on the GDP and the market went up. In a bull market, the market ignores bad news. Today, we ignored extremely bad news," Redstone said in a Q&A session with CNN's Larry King.
Redstone's National Amusements is the holding company for his controlling stakes in CBS and Viacom Inc.
He would not answer specific questions about CBS because the company is due to report earnings on Thursday, but waved off fears that CBS's popular "CSI" franchise would see a drop in ratings once General Electric Co's (GE.N) NBC puts popular talk show host Jay Leno in the same prime-time slot.
Redstone also swore off investment in the struggling newspaper industry, which has been pummeled by closures, layoffs and losses.
"The newspaper is dying. I'm not sure there will be newspapers and its one business I'd never be in," he said, taking a swipe at rival mogul Rupert Murdoch, whose News Corp (NWSA.O) bought the Wall Street Journal.
"Murdoch paid too much for the Wall Street Journal even when he didn't have any competition," he said.
"The reason we have not gone to newspapers is because its a slow growth industry and I think they are dying. I'm not sure there will be newspapers in 10 years. I read newspapers every day. I even read Murdoch's Wall Street Journal." (Editing by Steve Orlofsky)
MWM
16年前
Good post from yahoo...
Re: CBS #36th most shorted NYSE stock 25-Apr-09 01:13 pm
Ok, First of all I have never ever written on these boards, because of the usually clueless authors who are more than likely children who own less than 1000 shares of these equities, and yes anyone under 35, to me, is a child.
Next, you are 100% clueless. Whether or not the fragmentation of Network Broadcast Television is growing, or even if less people are even watching Network Television is hardly an argument that CBS stock should be worth less than $6.00 a share.
Frankly you're an idiot (sorry), and know nothing about this corporation. These "facts" (true or not) of yours would be more of an equivalent to capacity on an Airline – And, to be sure, it isn't in an airlines best interest to have a falling capacity. However, people are still going to fly, and they are going to pick the Airline that provides them the best value and service.
NEWS FLASH: CBS is the most watched television network in America by far. -And CBS has the largest Media footprint of any other Media Corporation. (PERIOD) When it comes to Cost per 1000 CBS has no equal. You need to better understand the depth and scope of this corporation -Because it's just not Primetime programming On CBS. It owns a huge (THE LARGEST) Outdoor Advertising provider in the country. It owns one of the most profitable groups of O & O's (That's Owned and Operated television stations) in the country, an enormous Radio Division, the SHOWTIME television Network, CNET, and let’s not forget Simon & Schuster. (It's Laughable) $6.00 - one day you can tell your friends how you bought CBS for $6.00 and they'll stand in awe of your genius. Six dollars!!!! The SHOWTIME Network alone is worth more than $6.00. The price of this stock is so much more a factor of the market in general, rather than the business or value of CBS.
SO WHAT if advertising revenue will be down this year as businesses struggles with the economy. They will STILL NEED to advertise, and as I remember so clearly from my childhood literature -"In the Land of the blind, the One-Eyed Man is King!"
I have been building a position in this Company ever since it found it in the 3's a few months ago. I now have (+-) 200,000 shares with a cost average around $4.48, and I won't let go of a share till it climbs to 9+. (Which I suspect will happen within this calendar year – perhaps even in May during the New York upfronts) And then I will only release about half of my position and Hold the rest for the $25+ payoff in the future.
I’m in the market to make money. This is one of those inflection points in the market where you can really make money- And I have. Do some due diligence and smarten up. Or if you’re so sure CBS is SO OVER priced at $6.00, why don’t you short it. In a way I would feel sorry for you, but in an other it might just teach you a lesson. Either way you’ll be Smarter than you were when you posted the previous message on this board.
MWM
16年前
CBS Corporation (CBS: 6.69, 1.08, 19.25%)
CBS shares rose sharply on Friday as comments made by Gannett Co. Inc. (GCI: 3.8, 0.23, 6.44%) and Media General Inc. (MEG: 2.6301, -0.3298, -11.14%) indicated that the advertising market may be stabilizing. CBS is one of the more advertising revenue dependent media companies and the optimistic comments drove the stock up $1.11 to $6.70, a 19.8% gain.
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