CBS Corporation is one of the cheapest stocks on the NYSE. It is a perfect example of how companies go in and out of favor with investors. If this were 1999 when everyone wanted to own media properties and content creators for distribution through cable and internet, the stock would be trading at 40 to 6o times earnings or $200 to $300 a share. But this is 2019 and media stocks do not hold as much shine with investors. so the stock trades at 9 times this year's earnings and 7 times next year's earnings. What was once too expensive sure looks too cheap.
