This global media company beat analysts’ estimates by $0.10 last quarter and 25 analysts have raised their EPS forecasts for the company in the last 30 days.
CBS (CBS)
From DRIP Investor
Media stocks have been roughed up a bit recently but offer compelling value plays. That’s the case with CBS (CBS).
CBS continues to benefit from demand for its content. Both its network programming as well as its Showtime premium channel seem to be sought-after content for many of the “skinny bundles” that are emerging. CBS owns nearly all of its programs, which means the firm has the capability to leverage that programming across a variety of distribution platforms.
The stock is down 12% from its 52-week high. CBS is a buy at current prices.
CBS offers direct-purchase plan whereby any investor may buy the first share and every share directly from the company. Initial investment is $250. Contact Wells Fargo, 866-595-1717, www.shareowneronline.com, for information on CBS’ DRIP plan.
Charles A. Carlson, CFA, DRIP Investor, www.dripinvestor.com, 800-233-5922, June 2017