Today’s Research Reports on Stocks to Watch: Helios and Matheson Analytics and CBS

NEW YORK, NY / ACCESSWIRE / July 30, 2018 / Helios and Matheson shares can’t seem to catch a break. The stock plummeted again on Friday, closing down over 70%, after a filing revealed that the company had to borrow $5 million to make payments to a service provider. Shares of CBS Corporation also sank after an article in The New Yorker by Ronan Farrow revealed that CBS’s CEO Les Moonves is being alleged of harassment and intimidation.

RDI Initiates Coverage on:

Helios and Matheson Analytics Inc.
https://rdinvesting.com/news/?ticker=HMNY

CBS Corporation
https://rdinvesting.com/news/?ticker=CBS

Helios and Matheson Analytics Inc. shares plummeted again on Friday, to close down over 70%. There was some recovery in after-hours trading though with the parent of MoviePass seeing a bounce back of 16%. Earlier in the week the company said there was an unidentified issue that prevented people from using their MoviePass credit cards to get tickets. A regulatory filing revealed that the company was not able to pay one of its service providers, leading to the outage. In order to make those payments, the company borrowed $5 million. The regulatory filing read: The $5.0 million cash proceeds received from the Demand Note will be used by the Company to pay the Company’s merchant and fulfillment processors. If the Company is unable to make required payments to its merchant and fulfillment processors, the merchant and fulfillment processors may cease processing payments for MoviePass, Inc. (“MoviePass”), which would cause a MoviePass service interruption. Such a service interruption occurred on July 26, 2018.

Access RDI’s Helios and Matheson Analytics Inc. Research Report at:
https://rdinvesting.com/news/?ticker=HMNY

CBS Corporation shares closed down 6.12% yesterday on about 15.4 million shares traded. Shares fell after a story in The New Yorker by Ronan Farrow reported that CBS’s CEO Les Moonves as well as CBS face allegations of sexual misconduct. According to Farrow’s article, six women have accused Moonvess of harassment and intimidation, while dozens more have also described abuse at his company. Actress and writer Illeana Douglas said to Farrow, “What happened to me was a sexual assault, and then I was fired for not participating.” Farrow remarked, “All the women said they still feared that speaking out would lead to retaliation from Moonves, who is known in the industry for his ability to make or break careers.” CBS stated, “All allegations of personal misconduct are to be taken seriously. The independent directors of CBS have committed to investigating claims that violate the company’s clear policies in that regard. Upon the conclusion of that investigation, which involves recently reported allegations that go back several decades, the board will promptly review the findings and take appropriate action.” The statement continued, “The timing of this report comes in the midst of the company’s very public legal dispute. While that litigation process continues, the CBS management team has the full support of the independent board members. Along with that team, we will continue to focus on creating value for our shareowners.”

Access RDI’s CBS Corporation Research Report at:
https://rdinvesting.com/news/?ticker=CBS

Our Actionable Research on Helios and Matheson Analytics Inc. (NASDAQ: HMNY) and CBS Corporation (NYSE: CBS) can be downloaded free of charge at Research Driven Investing.

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