In today's video, I look at two media stocks that have lost closed to 50% of their valuations. The two stocks are Discovery Communications (NASDAQ: DISCA) which is down over 45% from its yearly high, and CBS Corporation (NASDAQ: VIAC) , which is down over 50% from its yearly high.
Most of the sell-off happened in the last few days, which is rumored to be due to a hedge-fund liquidizing its positions to meet a margin requirement. Regardless of the reason, this sell-off can be a great buying opportunity for investors.
These are three reasons to watch Discovery and CBS after this sell-off.
For further details see:
These 2 Media Stocks Have Dropped Close to 50% -- Time to Buy?