Good Company, Bad Stock
CBS Corp. (CBS) was the top performer Thursday among the 500 stocks in the S&P 500, up 7.9%. I don't expect the gains to last.
The big broadcaster's shares advanced because it plans to spin off its billboard operations into a real estate investment trust. This may help realize value from a part of the company that investors don't pay much attention to, but that chipped in about $1.9 billion of the media company's $14 billion in revenue last year....294 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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