Viacom, Inc. B Shares (NASDAQ:VIAB)

CAPS Rating: 5 out of 5


Player Avatar JohnCLeven (76.22) Submitted: 9/18/2012 1:51:17 PM : Outperform Start Price: $50.18 VIAB Score: +10.15

Viacom is a very profitable, consistently growing, wide moat company selling around 12x free cash flow. They’ve bought back shares at a compounded annual rate of 5% per yr for the past six years AND sport a 2% dividend. That’s a very shareholder friendly company. They have wonderful brands in Comedy Central (South Park thru 1016, Jon Stewart thru 2015, Colbert thru 2014), Nickelodeon (Spongebob, etc), and MTV, which always seems to be coming up with new highly controversial, (and profitable), programs that kids love to watch and their parents don't approve of.

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Member Avatar valuemoney (< 20) Submitted: 9/26/2012 3:39:53 AM
Recs: 1

I seen you comment on some of the books you have read. If you want an enlighting books.....look up some of Kenneth Fisher's book.... "Debunkery" is one that will be an eye opener for you. I can give you a couple more to read if you enjoy that one. Markets Never Forget (But People Do): How Your Memory Is Costing You Money-and Why This Time Isn't Different is also a good book to read by Fisher.

Member Avatar valuemoney (< 20) Submitted: 9/26/2012 3:42:20 AM
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I read each book in 1 day because I couldn't put them down.

Member Avatar valuemoney (< 20) Submitted: 9/26/2012 3:51:06 AM
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They will be a little different for you I think. It gives you a big picture look at some things. They open your mind a little. You already no how to look for good investments. I see that by the picks you make and the stuff you say. You need to read some books on how people's minds work, what people do wrong and how to profit from it. This will let you be a better investor. Who know's maybe you have already read some of his stuff.

Member Avatar valuemoney (< 20) Submitted: 9/26/2012 4:00:12 AM
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He is more about market cycles....when to buy what. He was on CNBC today commenting on how we were in a bull market and he thought we were 60 some odd % through it and now was the time to buy a basket of stock over a market CAP of 80 billion because in the later half of the bull market large caps seem to outperform the market. When I took over the #1 spot my own taunt was We are in the 4th year of a 5-7 year bull market. Ok I will shut up now. Oh I will still give that pitch for SYY I just havent gottin to it yet. Sorry.

Member Avatar JohnCLeven (76.22) Submitted: 9/26/2012 8:08:01 AM
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Thanks for the reading suggestions! I will def look into those.

Member Avatar valuemoney (< 20) Submitted: 11/2/2012 3:30:51 PM
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any response on the email?.......none here

Member Avatar JohnCLeven (76.22) Submitted: 11/16/2012 10:43:28 AM
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No response. Double checked spam box as well. Pretty disappointing. I might have to start considering another website to frequent.

Member Avatar JohnCLeven (76.22) Submitted: 11/16/2012 10:50:42 AM
Recs: 1

Also, I read and enjoyed Fishers "The Only Three Questions That Count" (The only Fisher book in my library system. The others i'll have to get for Christmas.)

In "Three questions", chapter 6 I think, Fisher argues that the current level of U.S. debt is not a problem bc our nations return on assets is significantly higher than are cost of borrowing. Fisher actually argues that the U.S. dosen't have enough debt.

What's your opinion on that topic?

Member Avatar valuemoney (< 20) Submitted: 11/20/2012 3:51:15 AM
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I agree with Fisher to a point. The one thing most do not understand is the rate we are borrowing money. That will change eventually. The current debt level is not a problem in my opinion. It can become a problem if we continue borrowing at the current rate. But what will happen is the housing market will recover and our revenue side of the equation with increase and the borrow and printing money will decrease. Watch and see. Three years from now will will be running at normalized levels I would bet. Spending @ 21% and revenues @ 18%. this 3% gap is OK. Because our assets will fill the gap and be net possitive. We do need to raise taxes. This most don't understand either. Raising taxes doesn't inhibit grow. Well to a curtain extent it does but one should think of it this way.... Supply and demand. If their is demand for something a product and there is lets say EBIT of1 billion in demand,would you not supply this product if you were to profit lets say 500 million instead of 750 million. Heck no. If there is a market for it there will be someone there ready to supply it and make a profit off of it. The reason stuff doesnt grow is not because the taxes are too high on big corperations it is because the demand isn't there. If there is no demand it doesnt matter if the taxes are 0%. The money we used for bailouts was good too. Why let the system self destruct and many people lose their jobs just because there is some panic. The government stepped in and threw money at the situation. Inflation down the road will be a bi product of this but it can be controlled to an extent evenly rational over time with interest rates by the fed. What can't be controlled evenly over time is what happened at the end of 2008.....wide spread panic. Our government acted pretty swiftly PORING money into the system. Ok I could go on and on about a bunch of my thoughts but I won't. Agree or disagree. Either is fine. Form your own opinion on stuff. That is done by hearing what everyone has to say. You may need to hear from the other side too.

Member Avatar valuemoney (< 20) Submitted: 11/20/2012 3:58:59 AM
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O and I really like the picks you are making. Probably because it is my same philosophy when it comes to stock picking. I can blog on my Valuemoneygreen caps page now. I don't know how or why but the BLOG tab finally came up. It did like a week ago. I wish yours did. I would like to see your blogs. I was thinking about putting my full list of companies I follow. That will pry take as long as my SYY Well have a good day. I have to sleep.

Member Avatar JohnCLeven (76.22) Submitted: 9/20/2013 10:11:15 AM
Recs: 1

$20B buy back program (about half of current market cap).

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