CBS Corp (CBS)

Per recent TV viewer counts CBS routinely has 4 or 5 of the top 10 watched shows, daily and weekly ... like NCIS. The Mentalist, CSI, NCIS: LA, ... top shows are where advertisers are going to get the most exposure with their ad dollars ... this should go directly into CBS's bottom line ...

This met a high level screen to indicate a buy and strong outperform against its peers (other tickers in its industry). My 1st version of this spreadsheet devles deep into the company's balnace sheet and recent income statements, combined with other relevant price data for the company including insider/institutional holdings, short interest, debt levels, etc.
Testing capabilities of this 1st version of my automated, valuation spreadhseet matched with my personal criteria and see how it holds up.

they are a corparation who stocks will rise during sports season

The only

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G.E.

Content is king! if advertisers don't pay for it then you will see it in some type of pay to view form. Also, 2010 will bring 4 movies to be released. The funds to make these have already been spent, so revenues from these films will mostly add to the bottom line. They just need to make th adjustment of salaries both to executives and to the shows/actors. Between the CEO Leslie/ Rhe Late Show and Judge Judy alone is almost 20 cents a share.

employee's like David Letterman at the top of their list bothers me

went with a russian company ctcm-now going with an american company with same mass media operations. of all the media operations cbs is making money/being run well-plus jim cramer does not like it-short sighted/short term seller. this is a 3/5 year buy & hold & we can have some fun seeing who performs better-ctcm or cbs, jim cramer (overrated) or traderpat9!!!!!!! fool on

Due to March Madness and The Players tournaments the television rating should go up significantly and therefore increase their stock price.

Buying on the cheap

Their current dividend payout ratio is over 100%. Yes, I really did mean to write > 100% payout ratio.

All this is based on the comapnies estimated EPS for 2009 of $0.99, which will likely come down even further. I'm not sure if you realize that this industry is based mainly on advertising revenue, which if you haven't noticed lately has been getting absolutely crushed. Thus, CBS's current 109% payout ratio is likely to become even larger before all is said and done.

This leads me to believe they will have to substantially reduce their dividend, which is a bad omen for companies in this "safety first/ high dividend" investing environment.

This stock be coming down some more, just give it time...

an icononic american franchise with large free cash flow. cash flow should support dividend and enable company to meet stiff competition from the likes of twc.

Anything centered on advertising is just a bad place to be right now. Negative earnings, negative cash flow, and high costs scream "Stay Away!" from CBS. I just can't see how that dividend is safe.

Also, I hate to predict pop culture, but it seems to me that the various Bruckheimer-produced CSI-clone genre which CBS is so heavily invested in (and which cost a lot to produce) have probably peaked in popularity. When half the shows out there are essentially the same thing, you know it's about time something new came along.

If that happens and they have to scramble to replace their prime-time lineup, it'll be very expensive for them and will probably allow one of the other networks to take back the throne.

Their content is right for the people, their delivery method is also smart with the CNet and TV.com purchases, but the traditional performance which S&P expects is not something they will achieve.

Lots of cash.

bought stock at great price and it continues to impress me.

Lots of room to bouce back

Impressive portfolio, excellent cash flow. Fantastic value play at these prices.

CBS is strong on almost every measurable value- Brand name, free cash flow, ROIC, EV/SE. Worth jumping in with both feet unless you think media will be dead in the next ten years.

Value.