Archive for the ‘CBS’ category

CBS Musings – Update

September 21st, 2015

At the time of our last update, CBS was trading at $50.34, now its $42.71.  CBS market cap dropped from $22.4B to $19B.  Its 52 week price range is $40.75 to $63.95.

What happened?  The China meltdown/devaluation and the Federal Reserve decision to keep interest rates unchanged in September.

Although we need to be careful not to catch a falling knife, we believe the bottom is in on CBS.  We like this stock for day/swing trades (long) and expect it to trade in a range of $41.50 to $44.50 over the short term.  Results of these trades will be posted on Twitter @GrowthSavvy.

CBS pays a dividend of 1.4%, has short interest of 3.35% and has a trailing PE of 18.

CBS Musings

August 9th, 2015

At the time of this post CBS is $50.34 with a market cap of $22.4B.  Its 52 week price range is $47.83 to $63.95.

We like this stock for day/swing trades (long) and expect its floor to be $47.50.  For the short term we expect it to trade between its floor and $53.00.  The stock has been beaten up due to “over the top” concerns regarding the transformation of the TV/media/content business from bundled cable to unbundled internet.  CBS should weather this storm better than others.  Results of these trades will be posted on Twitter @GrowthSavvy.