An ever-expanding glut of streaming options make some observers doubt that cinema’s golden era will return soon — if ever.
Good companies are even better investments when their stocks have been beaten down for no good reason.
AT&T is in the process of unwinding its expensive media investments to focus on its original business of providing phone and internet services. It is combining WarnerMedia's media assets with Discovery to create a proposed stand-alone company, Warner Bros. Discovery. "After close of that transaction and on a pro-forma basis, AT&T expects annual revenues to grow at a low single digits compound annual growth rate (CAGR) from 2022 to 2024 with annual adjusted EBITDA and adjusted earnings per share growing at a CAGR in the mid-single digit range", AT&T Chief Financial Officer Pascal Desroches said in an update to shareholders on Tuesday.