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Motley Fool Hidden Gems Investing

Big Drama At Paramount

Motley Fool Hidden Gems Investing

The Motley Fool

Investing, Business

4.33.1K Ratings

🗓️ 29 April 2024

⏱️ 32 minutes

🧾️ Download transcript

Summary

Ahead of earnings at Paramount, potential deals and rumors are flying. At 00:21, Jason Moser and Deidre Woollard discuss what’s happening at Paramount as well as strong earnings from Domino’s Pizza and SoFi. At 16:58, Invitation Homes CEO Dallas Tanner shares his vision for housing’s future. Companies discussed: SOFI, INVH, DPZ, PARA Host: Deidre Woollard Guests: Jason Moser, Dallas Tanner Producer: Ricky Mulvey Engineers: Chace Pryzlepa, Dan Boyd Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

At Paramount, the drama is coming from inside the building.

0:05.0

Motley Full Money. I'm Deidra Woolard here with Motley Full Money. I'm Deedra Willard here with Motley Full analyst

0:24.6

Jason Moser. Jason, how's your Monday going so far?

0:27.0

Hey, Deedre, just, uh, it's so far so good, right? We have a nice little

0:31.8

warm stretch here in Northern Virginia. It's going to be

0:34.7

actually hot today, but hey, I'm not complaining about that. How about you?

0:40.0

I'm doing okay, but you know who's not having a great day is the CEO of Paramount.

0:47.5

This was a dramatic weekend and this is a story that's still evolving.

0:52.0

The company reports earnings tonight.

0:53.7

CEO Bob Backish may not be on the call. He may resign before then. You know, it's

1:01.0

interesting because he's been the CEO of Paramount since the end of

1:03.7

2019 been at Biocom I'm since the late 90s and all of this comes down to the fact

1:09.8

that he's not interested in supporting is Sherry Redstone's plan to merge with David Ellison's

1:15.1

guidance. This is all very complicated and very dramatic, isn't it?

1:20.9

It really is. I'm glad you said that up front because it is if for folks who were

1:26.0

looking for an answer here I don't know that we have an answer I mean we could

1:29.4

certainly go through all of the possibilities.

1:32.8

But yeah, it does seem like I mean,

1:34.2

Cherry Redstone kind of has this idea in mind

1:38.4

sort of a way that she wants to take the business

1:40.8

and if you're not on board then you may as well go ahead and just

1:45.5

just take off but I mean ultimately yeah this this is a really complicated

...

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