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 (DISCA) which is down over 45% from its yearly high, and CBS Corporation (PARA -0.47%), 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. 

  1. Both these companies are being very aggressive in the subscription-based tv model. 
  2. The sell-off was not due to any changes in the companies fundamentals.
  3. They are profitable with positive cash flow from operations, and their current P/E ratios are looking very attractive when compared to some of its peers.

Click the video below for my full thoughts. 

*Stock Prices used were the midday prices of March 29, 2021. The video was published on March 29, 2021.