ViacomCBS Inc. Class B (VIAC)

I am rejiggering my "buy level" for ViacomCBS following Sumner Redstone's death - as it seems increasingly likely that the company could be sold at some point in the next 1-2 years.  With the benefit of hindsight I wish I hadn't sold VIAC.    

Reports are making the rounds that Apple will offer ViacomCBS's CBS All Access and Showtime with its TV+ streaming service in a discounted bundle that could be announced as early as Monday.  

* The shares trade at slightly below my assessment of fair market value  ViacomCBS had a nice beat in the second quarter just reported.  EBITDA was +$245 million better, EPS about $0.29/share ahead and free cash flow nearly $175 million above consen...

* Fundamental concerns and weakening technical signs might be converging now In the last few weeks and days I have eliminated all my equity investments in my personal pension plan, I have personally shorted S&P futures (at 3202 Monday night), I have...

With the exception of a short and an elimination of my holdings - I have done little this morning. * Breadth is still a strong 3.5:1. * Ss (S&P) over Ns (Nasdaq), again, and despite strong gains in Tesla and Amazon . * Bonds are quiet. (I covered my...

We are now in one of those times, like 52 years ago in 1968, that we and our children will always remember. Many of us have spent the weekend watching America burning in despair. As I write this missive, an extended portion of I-95 (in Palm Beach) h...

* I have liquidated a lot of my long positions and have been averaging into Index shorts lately * I worship at the altar of fundamentals and not of price momentum * Monday I will present a more lengthy analysis of my concerns over the balance of 202...

* Market breadth has been shrinking all afternoon (at 3pm less than 100 more advancers over decliners). * Oil up a beaner to $23.72/barrel. * Gold down small. * Bond yields +2 basis points. * and FAANG experiencing some strength - but not impressive...

* This investment has been a very bad experience * Today I have sold Goldman Sachs, Twitter and ViacomCBS - as I reduce my investment long holdings after the sizable market advance from the March lows I have sold my entire ViacomCBS long this aftern...

"Don't be obsessed with your desires Danny. The Zen philosopher, Basho, once wrote, 'A flute with no holes, is not a flute... A donut with no hole is a Danish." - Ty Webb, Caddyshack This is the time in the market's rally when FOMO replaces FEAR and...

* Last night declared its regular quarterly cash dividend of $0.24/share. * This morning, VIAC announced that live sports will return to CBS in June.

ViacomCBS looks like a different stock in the last few days.

* The bears' skepticism (and cautious market positioning) coupled with their collective cynicism towards medical and scientific innovation, and the inevitability of the curve's flattening along with an "all in" Fed, have fueled the market recovery f...

* Making some moves now... I have added to . I am reestablishing long positions in $99.90 and $103.70. I am adding to and .   I covered a small amount of my $303 and $101.30 shorts.

* Breadth still nasty at 10-1 negative. * No real stability, yet. * Oil down two bits. * Gold +$9. * Bond yields down three to four basis points. * Energy, retail, financials, real estate, gaming, industrials broadly lower. * The only green on my ma...

, , and - all recent sales - are very close to or are under my buy levels this morning. I have not yet reestablished these longs - and will await some market stabilization. However, I have increased my holdings.

I added to ViacomCBS at $16.55 just now.

"Positively, we believe that if VIAC is unsuccessful with strategy execution, one of the mega cap techs (or another high powered strategic player) could express acquisition interest." - Stifel Research Stifel Fixed Income Research Department weighs ...

Long, fun lunch! And the drinking might continue for a while tonite! The markets closed near the highs of the day and S&P futures are about 10 handles higher than the closing price. I am putting out more on the short side at $293.40 in the after hou...

Down to tag ends on Papa John's - its been a moon shot (but risk now exceeds reward). I am adding further to , , , and today ( +$0.88).

Besides the earnings beat (which looks clean), the most important factor in the ViacomCBS release is the expanded distribution agreement with Alphabet .   I continue to believe that VIAC is a logical fit with a number of companies - including Google...

beats: "With more consumers at home, ViacomCBS streaming platforms had their best month, with accelerated subscriber growth and consumption, reinforcing consumer demand for its content." More to come.