Discovery, Inc. Class A (DISCA)

Prev Close 26.99
Day Low/High 26.77 / 27.41
52 Wk Low/High 19.07 / 78.14
Exchange NASDAQ
Shares Outstanding 505.75B
Market Cap 13.65B
P/E Ratio 18.11
Div & Yield N.A. (N.A)

Latest News

I'll Be Out of ViacomCBS by Day's End

With the market clearly moving in the short term from growth to value, ViacomCBS may continue to get a bid as a beneficiary of that rotation. The shares were just mentioned positively on Fast Money Halftime.  But, given my view on the likelihood of ...

A Viacom Acquisition May Be Delayed Until Late 2022

* I continue to be of the view that in a setting of accelerating industry consolidation, Viacom/CBS is an extraordinarily valuable media franchise * This week's announcement of a European streaming deal between Comcast and Viacom may very well incre...

Considering AT&T

Under $28/share I consider AT&T a better bet than a Tbill/cash alternative.  For the balance of the year I see about $0.50/share of risk and $1.50/share of upside. There is a Discovery kicker (merger with Warner Media) at the middle of next year but...

More Disney and Discovery

Adding further to Disney and Discovery longs.

I Wouldn't Be Surprised...

With Viacom going to the whip, I would not be surprised if laggard Discovery plays "ketchup."

More Discovery

Adding to an already large Discovery position.

Discovery Rally

I have been laser focused on Discovery over the last few weeks - closely watching the price action. I now am of the view that and are poised for a rally over the short term.

The Largest Long

According to a filing yesterday, the "Big Short" Michael Burry's largest long is Discovery !   It is also mine.

Disney Is Turning Into a Drama for Me: I Made a Mistake Selling

* Mea culpa I feel very stupid and I rarely do this, but I bought back my Disney  between $185-$186 after quickly looking at the outstanding sub gains as well as some of the other excellent metrics.   I would not be surprised to see Disney make a ne...

Discovery's Release

Here is a good summary of Discovery's quarterly release.  I will have more tomorrow. I continue to add.

Be Right Back

I will be out for about an hour as I will be listening to Discovery's earnings call.

Morning Moves

This morning I have added to , , , longs. I have covered my short rental. I have also expanded my and shorts.

Discovery Beats

Break in! Discovery beats on both the top and bottom lines. More to come.

My Long Book

Some of my longs that I have mentioned recently include , , , , , , (spec), (spec), , , , , and .

My Tactical Approach to the Markets

* Treading slowly as I build up a (small) net short book * I am often wrong and always in doubt  For reasons mentioned daily in my Diary I find myself, today, nearly at the polar opposite of the bullish cabal. That election is based on fundamental a...

From the Street of Dreams

Wolfe Research maintains outperform on Discovery Communications with a $46 price target.    

Adding to 2 Stocks

I am adding to ViacomCBS  and Discovery  now.

More Trades

I continue to pick at and longs, and I have added (small) to my and shorts at $431.81 and $357.05, respectively.  

Adding to Several Stocks

Adding to long ($30.82), and adding to shorts in and . Also adding to my bank shorts.

Making 2 Moves

I'm shorting Goldman Sachs , and adding to Discovery .

Timing Is Everything

, and were my recent Trades of the Week.  Apparently I was a week early!

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Bidding for more ViacomCBS  and Discovery  now.

Trade of the Week - Long Fox, ViacomCBS, and Discovery

* Linear TV network demand is surprisingly strong * Scatter pricing is at all time highs Contrary to general expectations, the post pandemic upfront TV market is robust with double digit ad growth.   This is unexpected and could result in an improvi...

'Fast' Take on AMC

"Just one more thing." - Lt Columbo   I just sent this email to Melissa Lee on "Fast Money" about AMC . Here are some of my points: 1. AMC has not materially improved its balance sheet -- look at net debt, it has barely budged. The recent Mudrick de...

Housekeeping Items

As I am now only three trading days away from my hedge fund launch I am liquidating my entire equity positions in order to get liquid to make a contribution into Seabreeze Capital Partners LP. This afternoon I have sold ViacomCBS , Disney , Twitter ...

Shedding Light on AMC and More

From Light Shed Partners Rich Greenfield (check out the multiples to EBITDA on our value plays, Viacom and Discovery ): My twitter account has been attacked by 1000's of hateful and harrassing tweets from the AMC retail "mob" (we've blocked over 7,0...

Time to Be Fearful When FIN TV Is Greedy?

* The "I told you so crowd" is growing more boastful * And, that alone, is a reason to be concerned * The odor of "Group Stink" is strong these days "You don't realize how easy this game (of baseball) is until you get up in that broadcasting booth."...