$ViacomCBS (VIAC.US)$ This is gonna explode. Lost half its m...
$ViacomCBS (VIAC.US)$ This is gonna explode. Lost half its market cap because Hwang was liquidated. Earnings on other stocks tank them no matter what lately, but I think this one will fly on earnings.
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I block accounts with no name, pic, trading history or posts that try to follow me. Sorry hedges
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mike CO : You truly think this is a buy right now? Could you give me some insight on why and how much you expect it to go up instead of down? Sorry for the question but I’m a new trader and trying to figure out the logic here.
Mike Hunt OP mike CO : This stock was at 100 on March 22. It was only because Archegos guy Hwang owned it, got a margin call, and liquidation that the stock price tanked. At current stock price, the forward P/E is less than 10!!!! Market cap was 60 bil 6 weeks ago and now it’s only 25 bil. This stock could jump to 50 and still be way undervalued.
Mike Hunt OP mike CO : I hope you are simply a new trader and not an institutional account fishing for info from retail.
mike CO Mike Hunt OP : Oh wow. So you believe the stock is completely undervalued and will go back up to around 50 if it doesn’t sky rocket higher. Out of curiosity is this one you’re going to hold or sell as soon as it hits a certain price?
mike CO Mike Hunt OP : Also, yes I’m definitely a new trader haha. I honestly just stumbled upon viac on Reddit and was checking it out on here when I saw your comment and was curious what the logic was behind it.
Mike Hunt OP mike CO : 86% of all the outstanding shares are institutionally owned. There’s a reason for that. I’m holding
mike CO Mike Hunt OP : That makes complete sense to me but Zacks and a bunch of other analysts are recommending sell or hold. Not many are recommending buy and I’m curious why that’s the case.
OldNormanBates : Viacom has been bought by most big funds, except maybe 1 Sell order.. That IMHO gives me the Expected results of the near 100 Position by EOY end of the year...