WBD

ctyeet

WBD

WickedSensitiveCrew

I titled more toward hated stocks. These included MPW, WBD, SE, and DKNG. Im not sure of sentiment on ABNB but I bought that one heavy after its earnings drop as well.

AluminiumCaffeine

Right there with you on WBD and SE

WickedSensitiveCrew

Yea seems like a risk on day WBD has been one of my best performers today. Really glad I loaded the boat in the $11.15 range.

BrutalHunny

WBD rockets. Did they put back the impractical jokers episodes?

WickedSensitiveCrew

Anyone else load up on MPW below $8? That stock had a lot of negative press. It felt like I was buying DKNG under $12 or WBD under $10 again. Where you just have to go against crowd.

gmoney101wastaken

Disney has a linear cable problem, especially with ESPN. Netflix is not bogged down by the burden and can double down on its content/growth initiatives. That being said Netflix is already being richly rewarded in the public market ... increasingly so each day. 24x+ EV-EBITDA. Disney is at a more manageable 14x+ EV-EBITDA. (Its linear cable lower multiple being largely offset by a much higher multiple in its parks, theatrical, and DTC units.) If I were to make your play I would seek to acquire a diversified basket of WBD, Para, and potentially Disney. WBD is trading at a 7x EV-EBITDA. Para is a 10x EV-EBITDA. WBD is free cash flow positive with a theatrical, and DTC, content pipelines that are being refilled. Management expects chipping away at $3.75-5B of debt by Q1 2023 ... that would bring its valuation down to an EV-EBITDA multiple of 6x. TLDR ... I like WBD's valuation much better than Disney's. I agree that Netflix may be fully priced.

WickedSensitiveCrew

I said profit in streaming. Not profit as a company. Since the companies have multiple segments. CMCSA and DIS are profitable companies with unprofitable streaming. WBD did turn a profit in their streaming this quarter.

Antheo94

Starting rewatching Barry. Such a great show. Calls on WBD

CorporateSympathizer

WBD had a surprise streaming profit last ER

Theta-Maximus

*"Are they poised to rise from the ashes of the current shit show with a freshly trimmed bottom line on costs and* ***a timeless brand****?"* It has taken more than half a century to build the brand equity of a "timeless brand." That brand equity is the wholesome family entertainment brand. For decades Disney and Pixar have been incorporating positive lessons on REAL inclusion, acceptance and tolerance in their films. The question is, will they have the confidence to keep true to what build that brand, or will they go chasing after fool's golf of the fashionable social trends of the day. Bob Iger wasn't brought back just come back to get the cost structure under control, the Board brought him back to reel in the disastrous lurch into wokism and divisive extremist identity politics, as that threatens to tarnish and impair that brand equity. Ironically, it is only Disney that can destroy the priceless Disney brand. The jury is out on whether they will. When they bought ESPN, it was the most powerful franchise in broadcast. But it lurched so far off the rails into racism and wokism that a huge part of its brand equity has been vaporized, and its viewership numbers have been massively flushed. I can't begin to tell you how many people I know who were huge ESPN "addicts," who are apolitical, middle of the road type people who eventually gave up and have gone elsewhere, they found it so unwatchable. Can Disney purge the extremist wokism from the ESPN brand before it tails into irrelevance? Warner Brothers Discovery faces a similar challenge with CNN. WBD has done a major purge, but they may have waited too late. It may never recover. I don't think it's too late for ESPN, but they're going to have to make a move. Ironically, a lot this depends on whether Iger has the mettle and good sense to rise above the button-punching divisiveness of the artificial political "battles." He has a big ego. It's in Disney's long term interest that he not take the DeSantis bait and stoop to engaging with him. DeSantis is not going to stop trying to suck him into a fight, so that Disney can become a prop for political divisiveness. Iger needs to ignore him, rather than knee-jerk in the opposite direction. If Disney can stick to the timeless themes that built the brand, it's going to do just fine over the long haul. If not, the jury's out. I'd add one other thing ... there's an unanswered question as to whether Iger really understands that old media companies are going to have to transition to new platforms. They've got to get their content ported to the world of gaming, and to the world of new world social media, including Tik Tok and YouTube.

ShadowLiberal

Based on a quick google search WBD is still losing money despite this, unless their source of negative EPS is a bunch of paper losses.

WickedSensitiveCrew

WBD got trashed in 2022 for doing this. That NFLX, DIS, and other streamers dont do this. Looks like they were ahead of the curve in what needed to be done to turn a profit in streaming for the legacy companies.

msaleem

The WBD special

drew-gen-x

AT&T acquisitions have been horrible. Direct TV and Warner Bros especially. That's in the past. The biggest loss for long time $T holders are those that held onto $WBD. If you had dumped $WBD immediately after the split and put it back into $T you'd be about even now not including dividends. So now you are looking at AT&T core business and future growth. They are finally investing into 5G infrastructure and expanding their fiber optic cable coverage instead of dumb acquisitions outside of their core business. I couldn't care less how a stock has preformed in the past before I owned the stock. All I care about is the future. Good Luck

qwertyaas

Did they stop the div? Not only did they leave me with a steaming turd of WBD, now they dropped the div?

SnooHesitations2813

Careful on WBD I was selling puts at $13 last month and got assigned eventually and had to baghold until finally selling the shares back at a loss . All media stock like DIS,WBD,NFLX have been tanking.

TurbulentProfit4204

WBD $11puts so pretty high deltas then?

OdeToRocket

Regarding the underlying it's a tough call. It could still go to $9.00 and be bullish. $11.00 is its current support which may be why bullish positions are coming in. I don't believe anyone can determine if options activity is bullish or bearish given how multi leg entries works. Whether WBD ever hits $15 is out of my purview. I don't study that stock. It looks like it wants to break down for now. That's the near term trade. Long term is more fundamental.

Token_Black_Rifle

This week was WBD $11 puts. Ford and GM have been good for me lately as well. I'm certainly no expert though. Do your research and I'm sure you can do better than me.

TheDeliriousNicholas

​ |Ticker|Allocation| |:-|:-| |VUAA (VOO equivalent)|18.94%| |CROX|16.61%| |AMD|15.96%| |QQQM|14.42%| |WBD|13.99%| |EMBRAC.B|10.54%| |META|9.53%|

MaestroOfFunk

Do you own your small position as a result of the T divesture like I do. That WBD is just smelling up my portfolio like an old dog fart.

Dstein99

Before I say anything I own WBD as a small position so I don’t dislike the stock, they just have a tough hill to climb. I looked at the most recent 10-Q and found their streaming results, I think you’re referring to their Adjusted EBITDA of $50 million, if you take out Depreciation and Amortization which are very real costs for the content that WBD produces that has such a short useful life you’re looking at an operating loss of $600 million. That’s the art of investing, EBITDA technically is operating profit, but I prefer to use EBIT so you aren’t in for a surprise when the useful life on your content runs out. As for the 2025 profit, that’s good but they’re projecting out not this year, not next year, but the year after. I take it that there will be costs this year and a portion of next year so they want to get a clean slate, but you just have to keep that in mind that you need to discount that $1 billion because it’s $1 billion in 2025 dollars not 2023 dollars.

dancness

But WBD posted a profit from their streaming division just last quarter, and project $1 billion profit from the segment by 2025. They are ahead of the streaming game in this respect.

Dstein99

I like WBD and think that they have the content to battle anyone in the industry, but Disney has shown just how hard it is to build a profitable streaming service. The behemoth Disney’s profit got decimated investing into Disney plus, Netflix has been able to be profitable, but the more streamers the more companies competing for limited eyeballs, and the harder it will be to turn a profit.

TalkingTajik

Like both — but agree with dancness that WBD is the stronger pick. One advantage I like is their gaming division. The recent Harry Potter game sold more than $1 billion per their recent earnings report. https://www.pcgamer.com/warner-bros-exec-says-hogwarts-legacys-sold-15-million-made-over-a-billion-dollars-and-now-they-want-to-do-the-same-with-superman/

dancness

Similar yes, their price has been beaten down especially after the Dividend cut. But I think WBD has stronger growth potential in the entertainment space.

dancness

WBD

WickedSensitiveCrew

I owned Disney too. It was the first stock I bought when I entered the market in 2021 which turned out to be the top for DIS. I was down 35% and gave up and sold on April 28th when it was around $100. I thought it was a 175B market cap company I just dont see massive growth that could cause stock to appreciate. I needed to look at smaller companies so I dumped that into PLTR and WBD instead. That turned out to be a couple days before the writers strike started. And before the AI hype cycle. So PLTR is up 90% since then while WBD is down 17%. Im glad I have the PLTR/WBD split instead of that DIS position.

lipmanz

Any other NBA fans notice how WBD has spent millions upon millions to remind us they dropped 3 letters from their streaming service name

AluminiumCaffeine

My WBD miss the old DISCA days with Hwang

plu5on3

why WBD?

Quirky-Ad-9791

WBD. I’m already long shares and will begin scaling into leaps this week with my remaining cash. EOW planning to have 35 or more Jan2025 leap contracts @ $15 strike.

WickedSensitiveCrew

I have been doing the same with WBD. Whenever it gets brought up all that is mentioned is competition and their debt.

Apprehensive_Video53

you really think CNN, one news channel in the great WBD universe, has this much impact? Regarding the content cut, answer yourself, if 3 billions should lead to an decrease of 20 billion

TheDeliriousNicholas

By market value: 1. VUAA 2. AMD 3. CROX 4. QQQM 5. WBD

WickedSensitiveCrew

SE, ULTA, MOH, WBD, and VICI are the top 5 positions I am buying into right now.

Vincent_Merle

I guess that makes two of us both wrong and right - I forgot about WBD spinoff completely. Yes, the moment I got their shares I set the order to sell at market open - best decision I could have made, but that was pure instinct, I had no idea what I was doing. That 43.47% still does not sound right. I would double check the original transaction(s) whenever you bought shares with your money, not re-invested. AT&T has been paying a lot in dividends, since 2007 it would be over $20 per share total. But yeah, I see a portion of it eaten by WBD drawdown.

jdav0808

You were right I was wrong. I checked my E*Trade. My first purchase was June 2007 so 16 years. My cost basis is $26.80 and I am down 43.47%. E*Trade tracks your dividends and is adjusted into your cost basis. I ended up with just over 76 shares which is a small amount of money thankfully. Don’t forget the price dropped a lot when they spun off WBD. I did get some WBD that is now worth $198 and down over 60% since I received it so I have to add that on. I just told what E*Trade told me. Maybe i am not looking at something right but this is what I see.

AluminiumCaffeine

I am happy to buy the pain, I have been in BABA and SE, but I want to see more evidence of execution from Zaslav before adding to my WBD. Mostly I want a rough idea of eps numbers feasible by 2024-25

WickedSensitiveCrew

Im adding to my WBD position. This sub can really turn bearish on massive red days and downtrends instead of looking at it as buying opportunities in so many stocks. It is so odd. People want the market to crash. And when there are stocks actually crashing they run away or say stuff like if it goes down another 50%. Im loading the boat.

AluminiumCaffeine

I guess I should have sold or at least trimmed my WBD back at 14-15, looking really rough atm

Deesanten

Is WBD the one to watch?

DepartureFar6118

His awesome oscillator is funny. He is just looking at indicators. You can also do it. It is publicly available info. It is a guide only. Relying on them will not allow you to quit your job. He is doing his thing and he asks for donations, which is honest and you can test him out for free. I used Gareth Soloway in 2021 and my man held WBD from 36 all the way down to 11 and never once spoke of it to the people who took the position with him. This was in addition to 300 a month for his terrible day trading room. Ron is Disneyland compared to him, though both will probably not make you money.

gloomyglooom

HBO Max rebranding to MAX is the stupidest thing ever. The new app sucks. I am not paying $9.99/month to stream Property Brothers. Puts on $WBD

WickedSensitiveCrew

I bought SE, ULTA, BX, and WBD today. All four seem out of favor for different reasons. Trying to buy while they are out of favor instead of waiting until the there is a "rotation" into the stocks in the finance media to buy.

Apprehensive_Video53

I really like WBD. The premiums are quite juicy and the stock is undervalued imo

JFSM01

Love rklb, if I could put some of my money every month there I would. Currently own 600 shares at 4.4 avg. At 20 yrs old I don’t think its that bad. Apart from that I own some WBD AMZN MSFT WMT.

WickedSensitiveCrew

[Disney and Hulu is pulling an HBO Max and removing dozens of originals off their service.](https://tvline.com/2023/05/18/disney-plus-hulu-missing-shows-list-willow-big-shot/) WBD got trashed in 2022 for that I guess they were ahead of its time.

FittyKaleL

Dip might be stale, but still tasty. Looking at: Disney (DIS) Warner Bros. Discovery (WBD) Paramount Group (PGRE) ​ Comerica (CMA) Pacific Western Bank (PACW) Western Alliance Bank (WAL) First Horizon (FHN) ​ The first three (entertainment industry) saw some serious declines Tuesday 5/16. As of right now Paramount is up almost 5% today Warner Bros. Discover is up almost 3% today Disney is up almost 2% today ​ The four regional banks I listed have obviously seen some terrible declines, but these past few days they are up double digits. 5 day performances (at market close. today is 5/17): PACW: over 21% gain NYCB: over 13% gain WAL: over **35% gain** ​ Is that not buying the dip? If anyone has more suggestions on regional banks in a similar situation to these four, feel free to mention them. Or if you think there is some more upcoming volatility in the entertainment sector and think some companies are worth buying the dip for, please discuss that too!

StarWarsFan229321

I agree with this with WBD going down to 3x leverage by end of 2024 when they allowed to be purchased and with Comcast selling off Hulu I would almost 100% bet they will try to spin off nbc and merge it with WBD and load it with debt back to 5x leverage.

StarWarsFan229321

With Comcast selling off Hulu 100% they spin off nbc and try to do a merger with WBD and unload some debt on it. WBD combined with nbc would be a fucking beast. WBD needs more diversification long term and parks and the animation studios nbc owns is it. Plus nbc is the champion of sitcoms like B99 etc

BadMoodDude

I don't know why you'd want to be part of the streaming wars. Lots of competition, on the verge of a recession where people will cut subscriptions if things get tough and WBD has a shitload of debt.

Low-Strength-4990

Thoughts on WBD ?

LooseLeaf24

We need to purge this sub of the bots and GME FOMO subscribers. Just boot everyone and let us resub. Take this back to the people who actually participate WBD leaps AAPL C RKLB leaps

Loverboy21

It hurts me right in my $14.25 avg on WBD to admit that you're right and that's what I was thinking as well.

tampa_vice

WBD is also down because of cancelled movies and streaming losses as well. IMO buying into WBD seems like catching a falling knife. You would be better off investing in other companies.

WickedSensitiveCrew

I think of WBD as having multiple parts. Along with CNN they also have NBA playoffs. They have a gaming studio. They have HBO. They have movies. I invest because I think the sum of its parts will cancel each other out. Like CNN has some backlash but how about those NBA playoffs.

WickedSensitiveCrew

Is anyone buying anything seems so many posts in the thread are about selling out of stocks? I bought some MOH and WBD.

elgrandorado

It isn’t, but part of the pivot to burn down debt is making sure the network cash cow is intact in the short term. Leverage that profit to shore up FCF while streaming, gaming, and film stabilizes. If CNN loses advertising dollars and bleeds, it ain’t good for anyone connected to WBD.

elgrandorado

Clown leadership over there at CNN. Do they know who their viewership base is? My WBD stake slowly turning into a bag.

WickedSensitiveCrew

The media companies are more than just streaming. They make movies and some release video games. Like WBD is going to release a new Mortal Kombat game later this year. And they released one game called Hogwarts Legacy earlier this year. Streaming isnt the only way these companies monetize their IPs.

I_worship_odin

Well, some of these industries might not come back. Personally I view streaming as a race to the bottom. An endless money put where a streamer is only as good as the next hit show they put out, which they'd have to spend tens of millions to hundreds of millions but might not produce anything of substance. Not to mention some companies like PARA and WBD have huge amounts of debt already going against them. I'd say this is an industry where you want to buy the shovel seller and not the gold miner.

gay_UVXY_trader

he bought a lot of banks. that doesn’t mean he thinks they will all succeed. it means he thinks some will and of the ones that succeed, they will pay off the losers. definitely doesn’t mean this crisis is over. i remember when he bought WBD, lost 30%, then sold it at the lows. he’s a human

MordorBlues

WBD

Mr-Logic101

Intel( which I am pretty safe taking that long) and WBD( ATT spun it off so I am stuck with it)

subspace_cat

WBD as part of T split. However, I did sell over half and put it into $RDFN at $5.30 so have earned much of it back (for now).

WickedSensitiveCrew

> patented intellectual property. So like media companies? WBD, DIS, PARA own a lot of IPs they just arent seen as great investments due to debt or whatever reasons. Or do you mean like AAPL owning the Iphone type of thing.

darthvader69699

guys i’m kind of in the shitter and might be fucked. i bought 0dte WBD 12.5 calls and they expired in the money and got excersized e cause i forgot to sell them. i do not have the capital for this  send help

iroquoisbeoulve

WBD

dancness

WBD

StarWarsFan229321

As a WBD shareholder please no. WBD needs diversification they need more gaming or parks from nbc

WickedSensitiveCrew

I bought some WBD, ULTA, VICI, and SE. Most interested in SE earnings next week. Will be interesting if they come out that they are profitable. There were hints with a recent news article but it not official until earnings are released.

FIFAPLAYAH

WBD is awfully beat down but MAX will be holding and producing the titles people are most interested in by a long shot. It’s absolutely investable at these levels and much better than other media stocks. Think about succession, HOTD, these are the kind of pieces of content that have A LOT of interest. Not necessarily the best company ever, but certainly beat down a bit far for what they can offer with a consolidated MAX. I’d fully expect that app to gobble most of the market share in tandem with hulu/Disney integration. Netflix and certainly paramount will get phased out of streaming imo (like no one has been interested in nflix content since squid game)

WickedSensitiveCrew

Yea the House of Dragon vs Rings of Power stuff kinda died off when it was realized WBD made the better show lol.

WickedSensitiveCrew

A part of why I asked is because I lurk other threads and seeing one bear case be there is Super hero fatigue. I disagree I think Spider-Man: Across the Spider-Verse and The Flash have potential to do well at the box office. WBD is a hated company though due to their debt. And Sony barely gets brought up in the media company discussions despite owning PlayStation and releasing movies.

WickedSensitiveCrew

So how would a Summer packed with theater releases impact the media companies? Is that at all being accounted for in their earnings? Because it seems the discussion is around their streaming sites and not how for example how Spider-Man: Across the Spider-Verse will do for Sony. How The Flash will do for WBD. Or Indiana Jones and the Dial of Destiny for Disney.

Pokesaurus_Rex

> I would also still argue that Chapek’s leadership was abysmal though 100% no doubt Chapek was not the right person to take over but the stocks performance isn’t tied to decisions he made during his 3 year tenure as CEO. I maintain that while Chapek made a lot of unpopular decisions, especially in regards to the Parks, at the end of the day he was a scapegoat for the choices Iger made during their aggressive expansion and acquisition. $71.3B for Fox is way overpriced no matter how you look at it. > Even so though, it’s ridiculous to suggest it’s been flat for 10 years Sure it wasn’t flat but the rate of return is pretty bad over a 10 year time period. The same amount of money invested in the S&P 500 would’ve netted you greater returns. In general I wouldn’t look at the media sector (PARA, DIS, WBD) for long term holding over the S&P 500.

AluminiumCaffeine

DIS is both spending money and losing subs, WDB added subs and is profitable. Who knows down the road but I would rather hold WBD atm

_hiddenscout

NFLX is generates FCF, which is kind of a rarity in the space. It really does feel like a race to the bottom, with both the cost to acquire new customers being expensive, plus just generating content. Like I remember when that show Jupiter Legacy came during the pandemic, I think I watched like one episode, but looked up the cost to make it, it was 200M lol. Then it was cancelled after the first season. WBD does have an amazing catalog and for what it's worth, I'm hoping James Gunn can bring some new life into some of those IP's.

Tfarecnim

The one decent streamer (NFLX) is also fairly expensive already at 30x, I don't see any gains to be made here as it's a race to the bottom and people don't want to have multiple subscriptions. I see WBD as a multimedia play as they do more than just streaming, they own a ton of IP.

Tfarecnim

The problem with WBD is the debt, their FCF will be eaten by it for some time. If it goes below 9, it may be worth another look.

AluminiumCaffeine

$WBD: "Hey guys we just flipped streaming profitable this Q pretty neat huh" $DIS: "We lost subs and streaming is still net negative" WBD -5% on that news... lame

sleepyunindividual

WBD's CEO hated Westworld so much that he sold the broadcasting rights. I want to rewatch S1.

Destructo11

The 3rd option would be to offer a bundled service with another company, likely WBD or Disney (maybe Peacock although that may still leave them at inadequate scale). It would allow them to save a lot on marketing costs and probably also technology and programming costs.

WickedSensitiveCrew

I dont think the Government is going to let AAPL, AMZN, GOOGL buy all the other companies in this sector of DIS, WBD, PARA, CMCSA.

whiskeyinthejaar

Merger makes the most sense with WBD since both don’t have the the money to pay, but that would be a regulators field party considering the amount of content and catalog one company is going to control. I think people underestimate how much shit they see on TV that owned by Paramount Film from Godfather to Top Gun. Other option is literally just sell the catalog, and spin off the rest, and go down the legacy media route