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So Many Companies Are Simply Disasters

By Jim Cramer

 About this article:
 Is something "wrong"? Something even worse that we don't know about? That's what I feel about so many companies when I see their stocks. Take CBS . Could this extremely profitable company be worth only $4 billion? Could it really have a 17% yield? Could it really be selling at half of already reduced book value? Is this because Sumner Redstone is having such severe problems negotiating his personal loans, or is something totally rotten in business, like a total breakdown in advertising? Remember, this company is not a newspaper company. It is a TV, radio, outdoor advertising, book publishing and Internet play. Each has its problems, but CBS is No. 1 in TV programming; radio and outdoor have good cash flow even if radio is a shrinking business; and Internet, while struggling, is not big enough to hurt the parent. I know all of the media...

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