VIA: WGA Strike

With the current WGA strike, Viacom, one of the biggest media outlets in the U.S. will have huge loses that wil continue until the strike is resolved. Viacom will however rebound so it may be a good stock to get in on at a low price. I currently own 1000 shares but will be buying more and selling a few months after the strike is resolved. This is because while the strike is bad for current profit margins, Viacom is a company that does not necessarily rely on one type of media outlet like television. With its share of music and advertising markets, the current strike will only affect current profit margins, while other venues of their income stay steady.