Video Streaming Industry Growth
Source: Statista We have no doubt the streaming business is an extremely competitive industry. Only Netflix is able to...Contributed By: The Big Fat Whale
Buffett's Position is Down Close to 60%Streaming Business is still in transitionHuge One-Off Losses from Programming Charges of 2.4 billion dollarsAn Interesting Turnaround Play Paramount has been on a downward spiral since the start of 2021. Even Warren Buffett's endorsement and investment does not aid in slowing the decline. Berkshire Hathaway, as of this write-up, has a 15.4% stake in Paramount which makes it the biggest shareholder. Based on Barron's estimate, Berkshire got their Paramount stake (93 million shares) at an average price of close to $30. Based on the current price of $12.5, Buffett is down by close to 60%. The boiling question will be: Is Paramount going to be Warren Buffett's Greatest Investment Mistake?
Source: Statista We have no doubt the streaming business is an extremely competitive industry. Only Netflix is able to...
Source: Statista We have no doubt the streaming business is an extremely competitive industry. Only Netflix is able to...
