12-02-2021, 02:23 PM
I'm thinking about going all in on VIAC. (Not really all-in, but a meaningful amount. I'm not crazy) It keeps declining and is trading at about 6 times earnings. Paramount+ is growing like gangbusters and should cause total VIAC earnings to increase in double digits over the next 3-5 years. More and more of it's customer base is switching to this subscription model which has 30% margins versus 10% margins for it's traditional business. Lots to like. What am I missing?