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Discovery, Inc. (DISCK)

NasdaqGS - NasdaqGS Real-time price. Currency in USD
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24.43-0.10 (-0.41%)
As of 2:54PM EDT. Market open.
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  • E
    I see many people have problem with debt in this company. Well i went to check again and what i find out in 10-Q that debt is not a problem at all. They did a nice job in Q2 paying some of it and most if it is due in 2030+ so in next 10 years,even longer some of it is in 2040 and 2050. They have 2.9B in cash right now which before they were BB shares, slowly but becouse of merger they are saving it all, plus they can borrow even morr you can find it in 10-Q and all of this is preparation for merger. So you should see huge cash pill until next year ready for merger. I expect arround 5B. Now ask yourself how this is not cheap if we are literally now spiting way above 10%+ FCF. Disca is one of the cheapest stocks in this overpriced market. If this go bellow 24 i will continue to buy. My avarage is arround 28, it is one of my biggest position. But even without merger, discovery will still be amazing deal, that why burry and others are slowly buying. Volumen is spiking, i also dont understand ehy stock is still going down but sometime market act strange and this is time to buy the dip. I have no idea how far down this can go, but i am sure thid will be 40+ dollar stock when valuation kick in,and when shorts go squeez then you will see the pain. Good luck and have fun.
  • B
    Bryce R
    If you didn’t listen today the Goldman webcast with CEO David Zaslav was good as he shared the vision of the merger. There is lots of great IP and content between Warner/Discovery. The stock price will work itself out over time. See the future potential.
    Discovery, Inc. - Discovery President And CEO David Zaslav To Present At The Goldman Sachs 30th Annual Communacopia Conference
  • A
    Just an FYI ..D E Shaw's avg price is about $29.45 ..Michael Burry (Scion Asset Mgmt) avg price is about $28.80
    ..Burry bought back a significant portion of the shares he sold off (before the Archegos disaster) in March
    ..the low price in March was $34.60 ..he's evidently added to his position since then ..if he thought $34.60+ was a good price to get back in, he must really view the current price as extremely undervalued your own DD
  • L
    In July 2011, Netflix was $43.26. In October 2012, it was $7.72. It is now $573.
    The DISCA 2019 pre-pandemic low was $24.095. DISCK is at a point where weak hands sell while investors who don't use leverage & who diversify their portfolio buy to hold for months or years.
  • c
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  • V
    According to MarketBeat
    DISCA's book value is 24.64$ per share.
    (Netflix book value is 24.98$ per share)
    Usually it is really hard to bring the market value of the company below its book value.
    You have to be "gifted" to do this.
    But I belive in Zaslav. He can do it!
  • C
    Chun Yu
    Another reason I have become bearish (or at the very least not expecting any large gains soon) is that the price actions of T and DISCA are intimately linked since the merger. Check out the minute price charts of T and DISCA today or any day since the merger announcement. They are exactly the same! It is obvious that institutions are arbitraging the prices of both stocks since the merger.

    Now you may ask: Chun Yu, what are the implications of this? The first one is very obvious. If you want DISCA to rise, T has to rise too. Thus, simply throwing money at DISCA hoping it to rise is pointless. You are just throwing money at the arbitrageurs. Second, what are the chances of T rising significantly (>10%) in the near future so that DISCA may rise? My point of view is that it is slim to none, T being a dividend stock and staying at high 20s to low 30s for the past year or so due to its own fundamental problems.

    Therefore, in the short term the price action of DISCA will simply linger at the current levels until one of the following happens: 1. the merger goes through or 2. the merger failed. Both will be positive for the price IMHO since the stock is currently undervalued but simply hampered by the arbitrage situation as mentioned above.

    My play on this in the short term is simple: selling covered calls/covered strangles to generate cash flow. You can also "wheel" the stock by selling short puts then sell covered calls when assigned. Personally I would target $22.5 puts and sell them on down days and $27.5 calls and sell them on up days.
  • A
    stick with your Discovery accumulation plan, folks ...monthly
  • j
    Lolol all the longs climb out of their shells today gloating. I stick around on green and red days. Congrats fellas.
  • R
    The price is down, every paycheck I add 20% of it. This month I’m actually happy I managed to add more. When it skyrockets, I’ll quit my job and retire. I don’t care about the trends, I did my math, this company is going to x100
  • F
    Guys? Can someone explain what's going on? I'm panicking and am close to liquidation :(
  • a
    I have kept averaging down on this one. Big mistake. I have a mid-27 average now and am way over exposed. I thought we'd see a reversal. The shorts were right on this one.
  • j
    just bought in, Burry will probably double down this quarter on this and we’ll see a pop, this is a $50 stock don’t forget, hold til 2022
  • N
    Applying a P/E of 8.5, the new company WB Discovery should have a mkt cap of about 90B. The 29% (Discovery ownership in the new company) of 90B is 26B, so the double of the actual market cap. This analysis doesn't include the potential growth and the sinergy due to the merger.
  • C
    bizarre reactions again between the class shares....B shares down 10%.
  • V
    Successful people don't become that way overnight. What most people see at a glance wealth, a great career, purpose is the result of hard work and hustle over time. I pray that anyone reads this will be successful in life
  • J
    This is what I found in seeking Alpha:
    While possibly dead money for a year, Discovery is my favorite media name for the next five.

    The combination of AT&T’s WarnerMedia and Discovery creates a streaming giant with more content than Netflix.

    Malone is the Warren Buffett of the media world. The next decade at Discovery could be similar to what he did with Charter Communications (stock up 4.5x in 8 years).

  • G
    This is stock is at a 8.03 FWD P/E. It is now DOWN 19% YTD. And is down 25% from pre pandemic lows.
  • j
    just shows u how leverage and schemes can build a stock..its come down and doesnt care where it was before
  • p
    This is acting the way AMC should be acting.