What do people think the future looks like for PSKY? Honestly, I thought it was on the rise after the acquisition when it went up to close to $20, but it's obviously dropped back to pre-acquisition levels. Do we think it'll go back up if the WBD acquisition goes through?
TBH I'm asking because I have LTIP shares I'm trying to unload. My fault for not doing it in September/October.
@m0d For the warrants, I think we'll hopefully get clarification in the next week or so. For Class B shareholders, the filed document said "each holder of PSKY Class B Common Stock, excluding any Equity Investor or affiliate of an Equity Investor, as of a record date to be determined, will be issued one warrant (“Warrant”) for each share of PSKY Class B Common Stock that it holds." I'm planning to ask Fidelity if this applies to the 401K Paramount stock because it's not really 1-to-1 ownership of stock even though we get dividends. If you look up "paramount warrants wbd" online, you can find the SEC filing regarding the warrants.
It'll go up if we bring back Jeff.
@ma Are you also racist in the office?
Can someone answer this, so if you own say 1000 shares of psky at the time the deal with WBD closes, do you still own your 1000 shares of psky, plus get the warrants ?
Thx for your help..
@jq i think it's a relevant topic considering people who get laid off keep any shares they received from the org and may want to ask other people in a similar position to them what they're doing with their shares. sorry that you're so triggered. go eat some bread and calm down.
I suspect the stock price is in a bit of limbo until merger approvals (U.S./EU/UK) start happening. The other thing is that the stock has high short interest. 88 million shares are sold short out of 1.1 billion shares, but if the float is closer to 300-400 million shares because 700 million shares are privately owned and not being actively traded, that's pretty heavily shorted. https://www.nasdaq.com/market-activity/stocks/psky/short-interest - As part of the merger deal (if the deal is approved), every current shareholder will be given one warrant for every share they own. Each warrant gives the holder 10 years to buy a share of Paramount at the price that the new merger investors pay for their shares ($12-$16). Once the warrants are issued, they're traded separately from your shares, so you could sell your shares and hold onto warrants just in case Paramount-Warner stock goes up above $16 in the next decade. https://ir.paramount.com/node/72866/html - I'm not gonna give any investing advice but the warrants are an interesting piece of the merger puzzle.
@ma Why are you racist?
@kd yes the same non employee blow hard spewing BS. Suprised you still waste time here everyone knows you add nothing. Old white dude living in 1996 thinking going to an office matters. You woukd be perfect for Paramount but you have not been relevant in years.
This site has become Amateur Hour with childish topics. Work from home, stock price predictions....
Stock price chattter? Dude, what a waste of space. Nobody here has the crystal ball - either hold for the long term or get out? Who here would know anything about the future stock price? Wow, especially now with so many factors, mergers, regulators , brink of war.... Stop it already
@dy you lost me at shari redstone
always a chance it will become the next meme stock, especially with how things have been going...
For all the faults of this leadership team, one thing wealthy people do is boost stock. It’s all about the stock, that vampire GC didn’t do this for fun. Now, you may not have a job, but your stock will appreciate
It will be fine. Typical institutional investors are shorting the stock and keeping it down. Just look at the volume. It’s not going to go up like crazy but it will go up once merger closes. Our biggest issue is the amateur leadership we have. Our CFO comes from a start up and our CEO has never run a real business and it shows. The amount of bad leadership is astounding. Hopefully we can retain some maturity from WBD.
It's junk and will be extra junk once we acquire more debt with the WB deal.
Wait until Netflix acquires Paramount-Warner and MGM by the end of the 2020s.
Then Disney may acquire Netflix by the early 2030s.