We are still Accumulating our Favorite Value Stock Paramount Global (PARA)

For the past several months we are still accumulating shares in Paramount Global (PARA) formerly known as ViacomCBS. And we are glad that our research has been validated by Berkshire Hathaway. We are glad, but at the same time, also not surprised because the method we are using to value stocks is Buffettology.

• Paramount Shares Jump 15% After Buffett's Berkshire Reveals New Stake
• Why Warren Buffett Bought Paramount, Not Netflix, Stock
• Berkshire Hathaway Made a Big Bet on Paramount
• Warren Buffett Spend Big as Stock Market Sells Off

We know there is now officially a bear market because the S&P 500 breached -20% from its high yesterday, Friday 5/20/2022. We expect the Dow Jones to soon follow. However, when it comes to PARA, the stock is so cheap and knowing that sometimes individual stocks do not bottom at the same time as the overall market, we will continue to accumulate shares in PARA. At this time, we will be ignoring the bear market and run towards the erupting volcano - KABLOOWEH!!!

• A 'bear market' looms. What exactly does that mean?
• S&P 500 Pares Losses After Hitting Bear-Market Territory
• The S&P 500 Enters Bear-Market Territory. History Says It’s Not Done Falling.

The 52-week low for PARA is $26.11.
If it goes below that, it would be a gift.
If it goes below $23, it would be gold.
If it goes below $16, it would be platinum.
If it goes below $11, it would be a rare pink diamond.

Thanks again Berkshire! For validating our research!

Disclosure: We own shares in Paramount Global (PARA).