The Rising Influence of Rising Affluence

[Bluewingcap]

While I have continued to add to my battered PARA position, Warren Buffet has become the largest shareholder. Bob Bakish just indicated they will follow DIS and NFLX in raising prices for Paramount+.

Hopefully the catalyst to get this train moving in the right direction. Today is a good start.

They have been executing on all fronts and were offering an ad supported streaming tier long before the competition realized this would be a smart move! Yet the analysts have been down on them all year.

Yes macro headwinds will show themselves, but valuation probably discounts any transient effects.

I still think the natural deal is AAPL buying them. Shari Redstone doesn't carry her dad's ego invested in building the company. Might make a deal more likely to happen as consolidation and scale are required.