Paramount (NASDAQ:PARA) Stock Presents Deep Value as Subscribers Surge
Media firm and video-streaming newcomer Paramount (PARA) has been on the receiving end of the brutal media and streaming industry sell-off. Its stock is flirting with 52-week lows on the back of a strong, albeit muted, second-quarter result. With lights put out on the streaming market, not even stellar growth numbers in its streaming platform Paramount were enough to move the needle (sustainably) higher. In any case, Paramount remains an industry laggard with an absurdly low price of admission. Paramount shares have become so cheap (historically and versus industry averages) that even legendary value investor Warren Buffett (or his firm) initiated a small stake in the firm.
Paramount (NASDAQ:PARA) Stock Presents Deep Value as Subscribers Surge
Media firm and video-streaming newcomer Paramount (PARA) has been on the receiving end of the brutal media and streaming industry sell-off. Its stock is flirting with 52-week lows on the back of a strong, albeit muted, second-quarter result. With lights put out on the streaming market, not even stellar growth numbers in its streaming platform Paramount were enough to move the needle (sustainably) higher. In any case, Paramount remains an industry laggard with an absurdly low price of admission. Paramount shares have become so cheap (historically and versus industry averages) that even legendary value investor Warren Buffett (or his firm) initiated a small stake in the firm.