Is It Time To Take Another Look At Viacom (viab)?

Discussion in 'Investment Charts' started by Chartman, Jan 15, 2018.

  1. Chartman

    Chartman Senior Investor

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  2. longtermbull

    longtermbull Administrator Staff Member

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    Oh how the mighty have fallen! Is Viacom one of the old dinosaurs which thought it did not need to move with the times then realised too late it was being left behind by the new tech sector?
     
  3. gowiththeflow

    gowiththeflow Senior Investor

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    Well that didnt last long! Is the run over before it even started? Another dinosaur on the road to extinction?
     
  4. longtermbull

    longtermbull Administrator Staff Member

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    Looking at the graph, $35 seems to be the crucial point at which investors can legitimately claim a chart breakout. It must be a resurgence in takeover rumours which has pushed the price higher because investors have had some time to appreciate any “hidden value” and failed to respond.
     
  5. JR Ewing

    JR Ewing Super Moderator Staff Member

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    I own 40 shares at $35.21 - have been buying it on dips in 10 share lots since early Aug.
     
  6. Chartman

    Chartman Senior Investor

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    Hi JR, what target do you have for this stock? Is this one of those where there is hidden value despite everybody turning negative? Or is it purely a takeover play?
     
  7. JR Ewing

    JR Ewing Super Moderator Staff Member

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    I think a possible eventual takeover is certainly not off the table.

    It's also very cheap, has strong institutional interest, and other attractive characteristics such as strong cash flow, return on equity, etc.
     
  8. longtermbull

    longtermbull Administrator Staff Member

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    Cash flow is king and always has been - poor cash flow is the reason why many of the "new age technology companies" fall by the wayside, they simply run out of cash while promising investors jam tomorrow. I remember the company who owned the Candy Crush Facebook game, they had billions in the bank but had to close down as they were burning cash like a bonfire!
     
  9. gowiththeflow

    gowiththeflow Senior Investor

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    This one has still remained relatively strong despite recent market volatility so maybe there is renewed investors interest behind the scenes. Is a merger on the cards? Are they working on a deal behind the scenes?
     
  10. Chartman

    Chartman Senior Investor

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    This one is showing decent relative strength in these difficult market conditions. Recent takeover speculation must surely prompt the management to deliver or bail out?
     
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