Paramount Stock: The FCC Just Unlocked The Next Chapter (NASDAQ:PARA)

Despite dilution and streaming risks, PARA remains a buy as the path to $25-$30/share is clearer with new leadership and strategic execution. Paramount Global (PARA) (NASDAQ:PARAA) just got the green light that changes everything. After nearly nine months of limbo, the FCC has formally approved the Skydance-Paramount merger. The delay is over. The Redstone era is Giacomo Bocanegra currently serves as portfolio manager for the hedge fund Bocanegra Asset Management LP. Before BAM, Mr. Bocanegra held equity research roles at Lucerne Capital Management and Wells Fargo. He holds a bachelor's degree in Economics from Lawrence University. Analyst's Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in PARA over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Paramount Stock: The FCC Just Unlocked The Next Chapter (NASDAQ:PARA)

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