- The chart above is of Viacom's PE ratio
- Viacom is a quality company in its industry which is trading at a pretty good discount; especially given today's insanely over valued market.
- Besides a few months in 2019 where it traded in the mid single digit PE, it's never really been there for too long. It
- It also gives a 2.5% dividend yield as the cherry on top.
CONCLUSION: While the stock has been cheap from a fundamental perspective, and on my radar for a few months, technicals are finally saying its oversold with negligible downside left.
- Viacom is a quality company in its industry which is trading at a pretty good discount; especially given today's insanely over valued market.
- Besides a few months in 2019 where it traded in the mid single digit PE, it's never really been there for too long. It
- It also gives a 2.5% dividend yield as the cherry on top.
CONCLUSION: While the stock has been cheap from a fundamental perspective, and on my radar for a few months, technicals are finally saying its oversold with negligible downside left.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.