It would be easy to presume Paramount Global (NASDAQ: PARA) is a lost cause. While its movie studio remains a powerhouse, its streaming business remains in the red -- and increasingly so. Its cable television channels (including Nickelodeon, Showtime, and MTV) as well as its broadcast network CBS are respectable platforms, but the cable TV industry itself is on the ropes.

And yet, Paramount is a company that's oh-so-close to greatness. Or if not, it's oh-so-close to being acquired. You may want to stake your claim while the stock's still down more than 80% from 2021's peak.

Don't misunderstand. Paramount shares could continue sliding lower. The market's pretty disillusioned with the company. It could be tough to change doubters' minds anytime soon, even with better results.

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Source Fool.com