Why Mario Gabelli thinks you should own CBS and Viacom

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Traders Josh Brown, Jim Lebenthal, Stephanie Link and Jon Najarian are joined by Mario Gabelli, chairman and CEO of GAMCO Investors, to discuss media stocks. Gabelli recommends investing in CBS and Viacom.
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I was looking at the balance sheet and saw that they have had accumulated deficits for a long time. Did they have losses in the past?

artward
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Always trying to pump and dump stocks he owns.

TheRetiredVeteran