Three Bargain Media Stocks to Buy in a Sky-High Market

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Stocks are back at record highs even amid a global pandemic, but that doesn’t mean investors can’t find some bargains in the market. VIP media analyst and correspondent heidi_chung assesses what's worth buying

Stocks are back at record highs despite a global pandemic, but that doesn’t mean investors can’t find some bargains in the market.

ViacomCBS shares were trading around $28 as of Aug. 26. The company is expected to earn about $4 per share, which means its stock is trading just under 7 times estimated 2020 earnings. The main issue for Discovery Communications is it doesn’t have a solid streaming-service plan yet. Still, it is a free-cash-flow-generating machine, which bodes well in the current uncertain environment.

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