Paramount’s difficult quarter appears to have given one of the company’s largest outside shareholders some pause.
On Saturday, Warren Buffett’s Berkshire Hathaway held its annual meeting in Omaha, Nebraska. And, as is tradition, Buffett and his Berkshire vice chairman Charlie Munger answered dozens of questions from shareholders, over multiple hours.
While many of the questions tackled the global economy, inflation, Apple, artificial intelligence and Berkshire’s lucrative insurance businesses, one question homed in on a particular Berkshire holding: Paramount Global. Buffett and Berkshire own about 94 million Paramount shares, currently valued at about $1.6 billion, per Berkshire’s latest filings.
A Berkshire shareholder asked whether Buffett still had “conviction in his investment thesis” in Paramount, and how he sees the streaming wars evolving.
Paramount slashed its dividend last week as it sought to conserve free cash flow and shift its streaming business toward profitability.
“It’s not good news...
On Saturday, Warren Buffett’s Berkshire Hathaway held its annual meeting in Omaha, Nebraska. And, as is tradition, Buffett and his Berkshire vice chairman Charlie Munger answered dozens of questions from shareholders, over multiple hours.
While many of the questions tackled the global economy, inflation, Apple, artificial intelligence and Berkshire’s lucrative insurance businesses, one question homed in on a particular Berkshire holding: Paramount Global. Buffett and Berkshire own about 94 million Paramount shares, currently valued at about $1.6 billion, per Berkshire’s latest filings.
A Berkshire shareholder asked whether Buffett still had “conviction in his investment thesis” in Paramount, and how he sees the streaming wars evolving.
Paramount slashed its dividend last week as it sought to conserve free cash flow and shift its streaming business toward profitability.
“It’s not good news...
- 5/8/2023
- by Alex Weprin
- The Hollywood Reporter - Movie News
New Delhi, Dec 10 (Ians) Paytm, India’s leading mobile payments and financial services company, has informed the exchanges about its plans to buyback shares as its management believes that it will be beneficial for its shareholders.
The company said that its decision for the same comes from its strong financial position and liquidity. A board meeting will be held on December 13 for the approval of the company’s first ever share buyback.
Paytm’s announcement has been welcomed by investors and analysts as the company’s stock surged sharply during Friday’s trading session.
While the details of the buyback will be disclosed by the company after the board meeting, social media is already abuzz with speculations about Paytm’s move, with some even comparing the company’s proposed move to Warren Buffet’s Berkshire Hathaway, a top US multinational conglomerate.
A Twitter user pointed out how Paytm’s proposed...
The company said that its decision for the same comes from its strong financial position and liquidity. A board meeting will be held on December 13 for the approval of the company’s first ever share buyback.
Paytm’s announcement has been welcomed by investors and analysts as the company’s stock surged sharply during Friday’s trading session.
While the details of the buyback will be disclosed by the company after the board meeting, social media is already abuzz with speculations about Paytm’s move, with some even comparing the company’s proposed move to Warren Buffet’s Berkshire Hathaway, a top US multinational conglomerate.
A Twitter user pointed out how Paytm’s proposed...
- 12/10/2022
- by Glamsham Bureau
- GlamSham
San Francisco, Feb 17 (Ians) Elon Musk has revealed that billionaire investor and Vice President of Berkshire Hathaway Charlie Munger once told him that Tesla would fail. On Wednesday, the 98-year-old investor said cryptocurrencies should have been banned and likened it to “venereal disease”. Responding to his comments, Musk, a crypto supporter, recalled the time […]...
- 2/17/2022
- by Glamsham Bureau
- GlamSham
Warren Buffett gushed over the management and leadership skills of Apple CEO Tim Cook on Saturday as the renowned investor presided over Berkshire Hathaway’s annual shareholders meeting.
Buffett compared Cook to legendary Apple co-founder Steve Jobs, noting that while Jobs was a tech and business visionary, Cook has had a huge impact on the company’s climb to a $2 trillion-plus market valuation.
Berkshire Hathaway has traditionally stayed away from high-flying tech firms; most of its profits come from railroads, insurance, utilities and energy businesses. But in 2016 Buffett began buying Apple shares. At present Berkshire owns about 5.3% Apple, after investing about $36 billion.
“He’s handled that business so well,” Buffett said of Cook, who took the reins of Apple after Jobs’ death in 2011. “He couldn’t do what Steve Jobs could do in terms of creation, but Steve Jobs couldn’t do what Tim Cook has done in many respects.
Buffett compared Cook to legendary Apple co-founder Steve Jobs, noting that while Jobs was a tech and business visionary, Cook has had a huge impact on the company’s climb to a $2 trillion-plus market valuation.
Berkshire Hathaway has traditionally stayed away from high-flying tech firms; most of its profits come from railroads, insurance, utilities and energy businesses. But in 2016 Buffett began buying Apple shares. At present Berkshire owns about 5.3% Apple, after investing about $36 billion.
“He’s handled that business so well,” Buffett said of Cook, who took the reins of Apple after Jobs’ death in 2011. “He couldn’t do what Steve Jobs could do in terms of creation, but Steve Jobs couldn’t do what Tim Cook has done in many respects.
- 5/1/2021
- by Cynthia Littleton
- Variety Film + TV
This story appears in the June 2020 print edition of Rolling Stone.
In late April Marko Kolanovic, a financial analyst for JPMorgan Chase, wrote to clients with good news. Pandemic aside, investors should expect stock prices in S&P 500 companies to return to record numbers some time early next year!
“The S&P 500 should attain previous all-time highs,” Kolanovic wrote, “if the monetary measures are sustained.”
The key part of this phrase was the last bit, “if the monetary measures are sustained.” In countries that did not have a Federal Reserve...
In late April Marko Kolanovic, a financial analyst for JPMorgan Chase, wrote to clients with good news. Pandemic aside, investors should expect stock prices in S&P 500 companies to return to record numbers some time early next year!
“The S&P 500 should attain previous all-time highs,” Kolanovic wrote, “if the monetary measures are sustained.”
The key part of this phrase was the last bit, “if the monetary measures are sustained.” In countries that did not have a Federal Reserve...
- 5/13/2020
- by Matt Taibbi
- Rollingstone.com
Spencer Mullen May 7, 2019
Friends, Game of Thrones, Avengers: Endgame, and more in todays daily Link Tank!
Here are seven Game of Thrones characters that we may never see again.
"With only two more episodes left in Game of Thrones, the series is already starting to deliver teary goodbyes between its beloved characters, indicating that this may be the last we’ll see of some fan favorites. As much as we were all looking forward to important reunions this season, it’s the final goodbyes that may prove the most emotional."
Read more at Inverse.
The Russo brothers have revealed Katherine Langford's cut role in Avengers: Endgame.
"I’m now your official expert on all things Morgan Stark. A character that served as an emotional connection to Tony Stark’s new reality, Morgan became someone many fans (including myself) cared deeply about. At just five years old, she has to...
Friends, Game of Thrones, Avengers: Endgame, and more in todays daily Link Tank!
Here are seven Game of Thrones characters that we may never see again.
"With only two more episodes left in Game of Thrones, the series is already starting to deliver teary goodbyes between its beloved characters, indicating that this may be the last we’ll see of some fan favorites. As much as we were all looking forward to important reunions this season, it’s the final goodbyes that may prove the most emotional."
Read more at Inverse.
The Russo brothers have revealed Katherine Langford's cut role in Avengers: Endgame.
"I’m now your official expert on all things Morgan Stark. A character that served as an emotional connection to Tony Stark’s new reality, Morgan became someone many fans (including myself) cared deeply about. At just five years old, she has to...
- 5/7/2019
- Den of Geek
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