Paramount Skydance's leverage looks greater than its total enterprise value, leaving the equity impaired. Some assets are great, but the weaker linear ones are melting faster. Cost cuts will save the metrics but kill the future. It is unlikely to dig out; even if it can, it will take years to tell. Its bonds look more interesting than the equity if the optimistic case holds. x.com  x.com 

Paramount Skydance's debt levels are unsustainable in a rapidly changing entertainment industry. Its cost of capital is too high and the numbers it assumes are not attainable, making it the entertainment version of the Titanic. Bloomberg, quoted by @carlquintanilla, reports angry calls from money managers to the banks that underwrote the debt, with paper losses on the investment-grade notes alone topping $100 million. x.com 

Netflix's earnings growth cannot keep relying on price increases or a one-time ad-tier rollout when future ad growth depends on impressions. The password-sharing crackdown, ad tier and repeated price hikes amid declining time spent signal a mature business; podcasts and live sports look like attempts to find another growth leg. There is no reason to own the stock beyond its discount to historical valuation, which it should command. x.com  x.com 

Paramount Skydance's credit stress adds to its downside risk. Per ZeroHedge, its CDS has surpassed Lehman-era highs; the shares look headed toward their 2009 lows, and a break of those lows would mean bankruptcy. More broadly, stocks are returning toward 2009 lows, not merely below 2020 lows. x.com 

Netflix's six straight botched earnings reports undermine its stock. Its co-CEOs should go; shares are at a two-year low and down 60% since its involvement in the Paramount deal and acquisition. x.com  x.com  x.com 

Netflix's problems are solvable while it prints money, making the stock a bargain at this price with a huge moat and great franchise. Its strategy should include more movies in theaters, sports only at a reasonable cost, a fixed ad business, and buying Take-Two to own a game studio and IP; GTA6 is a huge opportunity to connect with younger viewers and run ads in-game. x.com  x.com 

Paramount Skydance has 50-100% upside if its Warner Bros. Discovery merger looks likely to go through, odds that are only beginning to be priced in. At a market cap of about $8-9 billion, the stock still sits in bankruptcy territory, because a failed merger would essentially bankrupt Paramount, which cannot survive long on its debt. Big money will be made or lost on it, most likely made. x.com 

Netflix faces high costs to keep producing major hits, while live TV is expensive and competitive and viewing habits are changing rapidly. It remains a good business and the stock should eventually find support, but even after its decline it is not appealing at this level. x.com 

Netflix's more reasonable valuation and efforts to get leaner make the stock tempting here. Its 18 P/E has come back down to earth and its forward valuation no longer trades at an expensive premium; Q3 earnings were solid, it laid off executives and 6% of staff, and it is significantly expanding live sports. Under $60 would be a smash buy. x.com  x.com 

Netflix's control of its own content keeps growth avenues open even as quality and popularity ebb and flow. Production is costly, but being able to make more is hugely underrated. YouTube pays creators more than double what Netflix spends; its content is not free. Ads need time to gain traction, with live sports where they should prove their worth. Solid earnings outweigh weak short-term guidance; Netflix should become one of Wall Street's hottest stocks again, with targets well into the $150s. … Show more