The Motley Fool Discussion Boards

Previous Page

Stocks V / Viacom, Inc.

URL:  https://boards.fool.com/read-in-the-news-today-that-mario-gabelli-10064238.aspx

Subject:  Re: Why is VIA up to 36 3/16? Date:  12/13/1997  3:46 PM
Author:  tinkerathome Number:  14 of 312

Read in the news today that Mario Gabelli increased his stake in Viacom to 8.5% an increase from 5% in the thoughts that Viacom will be selling "Simon & Shuster" a publishing company of their's (Viacom). However, Tom Dooley, deputy chairman of Viacom was non-commential. But did mention that the publishing business is dynamic, meaning that things are changing.

Also read that Viacom is optmistic with it's turn around plan for Blockbuster video. The crucial turning point will be whether or not it can show well durning the Holiday season.

From what little I read, I am making a gross guess that this increase is/was caused by speculations of the possible.

Sorry if this clouds things abit. Increases like this tend to cause me to see red flags. Especially when there is no proformance to back it up.
--Tinker

oops!! sorry about the previous format. lets try this again.
Copyright 1996-2020 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us