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.
