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Mark Holder

Were Viacom's Earnings That Bad?

Viacom (VIAB)(VIA) reported mixed FQ1 results that matched EPS estimates and missed on revenues. The media company is working on a turnaround in the cable networks while see the movie studio underperforming. The stock ended down over 21% on the news despite trading at 5x earnings expectations and all the signs of improving networks and a digital shift. 

My recommendation is buy every dip of this 4.7% yielding stock. 

Was the sell off warranted?

Disclosure: Long VIAB

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