The Discovery Communications $DISCA $DISCK / WarnerMedia $T Merger

Host, Intelligent Investing Podcast

In this episode:


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Today I’m discussing the merger between Discovery Communications & WarnerMedia. I believe this situation provides an asymmetric risk profile. In the episode, I outline the situation, valuation, and how I’m thinking about the investment opportunity.

Show Notes

[1:55] Overview
[2:11] Market doesn’t like the deal
[3:01] Makeup of the deal
[3:53] Will be spending more on content than Netflix
[4:34] Why is the stock down?
[8:15] John Malone
[9:18] Intrinsic value of Discovery Communications


About Eric Schleien

Eric Schleien is the Founder/CEO of Granite State Capital Management, LLC. In addition to being a value investor, over the past decade, Eric has trained thousands of individuals, including board members of public companies as well as several Fortune 500 CEOs. Eric specializes in organizational culture and has become a leading authority on organizational culture in the investment industry.

Eric has been investing for 15 years and has been using breakthrough coaching methodologies for over a decade. Eric had the insight to combine proven coaching methodologies with shareholder activism techniques to create an entirely new model for shareholder activism that was more reliable and created greater sustainable results in a rapid period of time. On average, Tribal Leadership produces a 3-5x increase in profits of culturally troubled companies within an average of 24 months or less.

Eric currently resides in Philadelphia, PA.

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