discoverycommunications
“History doesn’t repeat itself, but it often rhymes.” – Mark Twain Q1 2021 hedge fund letters, conferences and more Discovery's Merger With AT&TOn May the 17th of 2021, Discovery announced a merger with the media assets of AT&T. After an initial burst of enthusiasm, investors have turned sour on the deal. We have been through a very similar experience with Discovery (NASDAQ:DISCA) back in November of 2017 and believe that these circumstances “rhyme.” The reaction to the deal fits perfectly with why growth investments have dramatically outperformed value over the last five years. The big stream...
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First on CNBC: CNBC Transcript: AT&T Inc (NYSE:T) CEO John Stankey and Discovery Communications Inc (NASDAQ:DISCA) CEO David Zaslav Speak with CNBC’s “Squawk on the Street” Today Q1 2021 hedge fund letters, conferences and more WHEN: Today, Monday, May 17 WHERE: CNBC’s “Squawk on the Street” Discovery CEO: We Can Get To 400M Direct-To-Consumer HomesAT&T CEO: WarnerMedia Transaction Is Good For Our ShareholdersDAVID FABER: It is certainly the news of the day if not a lot more than that AT&T announcing it will be merging its Warnermedia unit with Discovery. And joining me now first on CNBC is Da...
ValueWalk
Discovery Part IIQ1 2021 hedge fund letters, conferences and more Three weeks ago I picked up shares of Discovery Communications Inc. (NASDAQ:DISCA) in the Archegos fallout at ~$41. I documented the purchase and did a quick analysis in the first post here. Since then I had more time to reflect on the company. It turned out that Credit Suisse wasn’t done with the carnage and dumped more shares on the market. DISCA is trading around ~$38 and has recovered from their low $36. Still, I’m down 7%. To add insult to the injury, shares of the thinly traded Class B, Discovery Communications Inc. (NASDA...
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Silver Ring Value Partners letter to investors for the fourth quarter ended December 31, 2020. Q3 2020 hedge fund letters, conferences and more Dear Partners: Happy New Year! I hope that you are staying healthy and safe. 2020 was a good year for the partnership, even though it was a hard year for all of us in many other ways. As I have said in the past, the more irrational other market participants are in response to news and events, the more our rational, disciplined value investing process has a chance to shine. Despite the market heavily favoring high-priced growth stocks of the kind outsid...
ValueWalk
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