Based on the aggregated intelligence of 125,000-plus investors participating in Motley Fool CAPS, the Fool's free investing community, television broadcaster CBS (NYSE:CBS) has received a distressing two-star ranking.

With that in mind, let's take a closer look at CBS' business, and see what CAPS investors are saying about the stock right now.

CBS facts

Headquarters (founded)

New York, N.Y. (1928)

Market Cap

$3.57 billion



TTM Revenue

$14.18 billion


Chairman: Sumner Redstone
President/CEO: Leslie Moonves

TTM Return on Equity



News Corp. (NASDAQ:NWS)
Time Warner (NYSE:TWX)

CAPS members bearish on CBS also bearish on:

Microsoft (NASDAQ:MSFT)
The New York Times Co. (NYSE:NYT)

CAPS members bullish on CBS also bullish on:

General Electric (NYSE:GE)
Bank of America (NYSE:BAC)

Sources: Capital IQ, a division of Standard & Poor's, CBS corporate website, and Motley Fool CAPS. TTM = trailing 12 months.

Over on CAPS, 27 of the 85 All-Star members who have rated CBS -- some 32% -- believe the stock will underperform the S&P 500 going forward. These bears include BSHumphreyII and Option1307, both of whom are ranked in the top 20% of our community.

Late last month, BSHumphreyII urged Fools to run away from the stock: "Anything centered on advertising is just a bad place to be right now. Negative earnings, negative cash flow, and high costs scream 'Stay Away!' from CBS. I just can't see how that dividend is safe."

In a pitch from last week, Option1307 also shows concern over CBS' seemingly unsustainable yield:

Their current dividend payout ratio is over 100%. ... All this is based on the comapnies estimated EPS for 2009 of $0.99, which will likely come down even further. I'm not sure if you realize that this industry is based mainly on advertising revenue, which if you haven't noticed lately has been getting absolutely crushed. Thus, CBS's current 109% payout ratio is likely to become even larger before all is said and done. This leads me to believe they will have to substantially reduce their dividend, which is a bad omen for companies in this "safety first/ high dividend" investing environment.

What do you think about CBS, or any other stock for that matter? Make your voice heard on Motley Fool CAPS today. More than 125,000 investors are waiting to hear what you have to say. CAPS is 100% free, so simply click here to get started.

Fool contributor Brian Pacampara owns no position in any of the companies mentioned. Microsoft is a Motley Fool Inside Value pick. The Fool's disclosure policy always gets a perfect score.