Discovery Communications Part II – Change The Story
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...