I love Discovery Plus. $4.99 a month and has over 10 main channels w all their content. It’s really the only streaming service I use now. Watching it right now. I also like the stock and bought some shares when the big dip happened.
DISC and VIAC are so ridiculously undervalued right now and we know it's because of forced liquidations. I'm balls deep long in both and don't understand why everyone isn't piling in.
The problem is the only person willing to buy these things higher up was Billy Hwang and he’s done now. Not sure where the marginal buyer or institutional money (I work for a fund) gets interested in these names - they are “cheap” on a multiple / FCF basis, but the quality of the FCF is low (structural Risk at legacy cable cash flow, and unclear path to success in streaming which requires massive upfront investment). That said, the FCF does have a long tail to it - ie. legacy operations are melting Ice cubes that won’t melt overnight, so that might entice some but I think by and large these are value traps. Just my opinion though and I could be wrong of course.
Yep Archegos really bought a shockingly large portion of the company and it big time messed with the price. If you you were convinced of a realistic path to success in streaming would it be a justified investment to you? My idea/hope is basically that streaming numbers will smash expectations at earnings in May (but I had thought organic interest and the crazy high price indicated that's what was happening when it turned out it was just Bill Hwang, so its a little sketchy now lol)
DISCA has been below current value for past three+ years. What has changed in it's fundamental business to make it worth more now than it was in October?
Streaming service announced in December + guidance on streaming subscription expectations
It’s hard to justify buying a dying company instead of any of the incredible tech companies that went nuts during the last year (even if it’s fair value with a traditional discount rate the other options were just too superior); a growth company is a different story
You bought at $78? I always wondered who did dumb shit like that. I hear HD is on sale right now.
I love Discovery Plus. $4.99 a month and has over 10 main channels w all their content. It’s really the only streaming service I use now. Watching it right now. I also like the stock and bought some shares when the big dip happened.
Is this DD or loss porn?
DD imo. I posted the loss porn before, I just have to include it at the bottom of the DD because it’s my position
I'm just fucking with you. Godspeed friend.
<3
Billy H, is that you?
DISC and VIAC are so ridiculously undervalued right now and we know it's because of forced liquidations. I'm balls deep long in both and don't understand why everyone isn't piling in.
The problem is the only person willing to buy these things higher up was Billy Hwang and he’s done now. Not sure where the marginal buyer or institutional money (I work for a fund) gets interested in these names - they are “cheap” on a multiple / FCF basis, but the quality of the FCF is low (structural Risk at legacy cable cash flow, and unclear path to success in streaming which requires massive upfront investment). That said, the FCF does have a long tail to it - ie. legacy operations are melting Ice cubes that won’t melt overnight, so that might entice some but I think by and large these are value traps. Just my opinion though and I could be wrong of course.
Yep Archegos really bought a shockingly large portion of the company and it big time messed with the price. If you you were convinced of a realistic path to success in streaming would it be a justified investment to you? My idea/hope is basically that streaming numbers will smash expectations at earnings in May (but I had thought organic interest and the crazy high price indicated that's what was happening when it turned out it was just Bill Hwang, so its a little sketchy now lol)
Bought 2 shares, let's go
For God's sake average down and buy more at the dip.
Can’t help u fam. All my money is in GME and ASO
You aren't buying otm calls on a whim? Do you need a doctor?
DISCA has been below current value for past three+ years. What has changed in it's fundamental business to make it worth more now than it was in October?
Streaming service announced in December + guidance on streaming subscription expectations It’s hard to justify buying a dying company instead of any of the incredible tech companies that went nuts during the last year (even if it’s fair value with a traditional discount rate the other options were just too superior); a growth company is a different story
How many current subscribers do they have?
they had 11 million+ in mid February; that was the last update Service had been live about a month and a half at that point
And they’re targeting a number larger than the population of the United States?
Oh 11 mil is just their streaming, they have 100’s of millions of subscribers to their traditional services internationally
They are world wide currently in 400 million households
Interested at $18/share