PSKY
Judge says Paramount and Warner must halt merger for at least two weeks, granting states' request
Article Summary
HOLD- Paramount Skydance (NASDAQ: PLD) and Warner Bros.
- Discovery (NYSE: WBD) were ordered to halt their $81 billion merger for at least two weeks after a federal judge granted a temporary restraining order, allowing states challenging the deal more time to see their case through in court. 12 states, led by California, sued to block Paramount's pending buyout of Warner last week alleging that such a combination would extinguish competition in Hollywood and lead to fewer choices for consumers, particularly moviegoers and cable customers across the U.S., with the companies refusing to close the transaction until after a court had time to fully evaluate their claims and filing for temporary restraining orders.
- The companies argued that the states' antitrust arguments are without merit and maintained that merger with Warner was pro-competitive and with benefits to consumers and workers alike, with Paramount vowing to vigorously defend its Warner acquisition.
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Growth Stock Scoring Breakdown
| METRIC | VALUE | WEIGHT | ANALYSIS |
|---|---|---|---|
| Sales Growth TTM ? | 1.1% | 25% | 20.0 ptsMinimal (1.1%) - Very weak |
| EPS Growth Next 5Y ? | 39.8% | 25% | 90.0 ptsExcellent (39.8%) - Strong outlook |
| Target Price Upside ? | 32.6% | 20% | 85.0 ptsLarge Upside (32.6%) - Target: $11.36 vs Current: $8.57 |
| Gross Margin % ? | 28.7% | 15% | 40.0 ptsModerate (28.7%) - Adequate margins |
| Drawdown from 52-Wk High ? | -58.9% | 15% | 100.0 ptsDeep Discount (-58.9%) - Best entry opportunity |
Disclaimer: This rating is for informational purposes only and is not financial advice.
All data sourced from Finviz.
Always conduct your own research and consult with a financial advisor before making investment decisions.
Past performance does not guarantee future results.
About PSKY
- Paramount Skydance Corporation operates as a media and entertainment company worldwide.
- It operates in three segments: Studios, Direct-to-Consumer, and TV Media.
- The company operates CBS Television Network, a domestic broadcast television network; CBS Stations, a television station; international free-to-air networks comprising Network 10, Channel 5, Telefe, and Chilevisión; and domestic premium and basic cable networks, such as Nickelodeon, MTV, CMT, Comedy Central, BET, Paramount+ with SHOWTIME, Paramount Network, The Smithsonian Channel, BET Media Group, CBS Sports Network, and international extensions of these brands.
- It also provides domestic and international television studio operations, including CBS Studios, Paramount Television Studios, and Showtime; CBS Media Ventures, which produces and distributes first-run syndicated programming; and digital properties consist of CBS News and CBS Sports HQ.
- In addition, the company offers a portfolio of domestic and international pay and free streaming services, including Paramount+, Pluto TV, and BET+.
- Further, it produces and acquires films, series, and short-form content for release and licensing worldwide, including in theaters, on streaming services, on television, through home entertainment, and DVDs, Blu-ray; and operates a portfolio consisting of Paramount Pictures, Paramount Players, Paramount Animation, Nickelodeon Studio, and Miramax.
- It provides production, distribution, and advertising solutions.
- The company was founded in 1914 and is headquartered in New York, New York.