Discovery Inc News and Headlines -

GuruFocus Articles Total 158
  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 8

The new streaming DTC offer discovery+ is gaining momentum with high subscriptions growth

Introduction

Discovery Inc. (DISCA) (DISCK) is a media company that provides TV content in around 220 countries and in 50 different languages worldwide.

The company is well-known for its non-fiction TV shows, broadcasting on Discovery Channel, Food Network and Eurosport, among others.

Discovery's programs are available on various platforms, the most common being linear TV (either cable or satellite) and its recently introduced Direct-to-Consumer (DTC) streaming platform, discovery+.

The company's stock was recently on a roller coaster, (partially) pushed up by speculation and then down by forced selling.

The Archegos meltdown

But what happened exactly with the sharp price

76 Views    Nicola Guida    2021-05-13 16:19
Investment company Pavion Blue Capital, LLC (Current Portfolio) buys Microsoft Corp, The Kraft Heinz Co, iShares U.S. Healthcare ETF, sells Discovery Inc, Discovery Inc, Freeport-McMoRan Inc, Tiffany, ViacomCBS Inc during the 3-months ended 2021Q1, according to the most recent filings of the investment company, Pavion Blue Capital, LLC. As of 2021Q1, Pavion Blue Capital, LLC owns 87 stocks with a total value of $152 million. These are the details of the buys and sells.
0 Views    insider    2021-05-10 15:38
Guru stock highlight

Discovery, Inc. Series A (DISCA)

Discovery stock benefited during the first quarter from the launch of Discovery+ and the company's new focus on digital direct-to-consumer content delivery. Since its debut in January, Discovery+ has already gained over 12 million paid subscribers thanks to its unique portfolio of unscripted content that enjoys worldwide recognition. Its main channel is one of the most widely distributed networks in the world and reaches more than 220 countries. Discovery is hoping to draw this large audience into Discovery+ to help offset continued declines in traditional TV subscriptions. Discovery has been working to expand their reach

31 Views    Sydnee Gatewood    2021-05-06 20:50
Discussion of markets and holdings

Spring 2021 Market Commentary

During the first quarter of 2021, equity markets continued to rally on the back of strong earnings and powerful macro tailwinds. As COVID-19 vaccinations have been widely accessible, local restrictions have eased and demand is rebounding. Monetary and fiscal government accommodation has continued to be aggressive. Money supply growth is still running over 25%. The Fed continues to buy $120 billion in bonds per month for a total in excess of $2.4 trillion from February 2020. Since August of 2020, we have seen a material change in market leadership as cheaper, more cyclical businesses have been

54 Views    Sydnee Gatewood    2021-05-06 20:28
Guru stock highlight

Discovery Inc. (DISCA) (DISCK) (2.1%) (DISCA/DISCK – $36.89/$43.46 – NASDAQ), located in Silver Spring, Maryland, is a global nonfiction media and entertainment company that provides programming to pay-tv distributors through network brands such as the Discovery Channel, TLC, Animal Planet, HGTV, Food Network, and ID. Discovery generates 50% of revenue via long term agreements with pay-tv distributors, is diversified internationally and owns most of its low cost programming. Industry leading margins are especially attractive, given the low capital intensity of the cable network business. The company is pivoting to OTT in order to connect directly with consumers allowing it

31 Views    Sydnee Gatewood    2021-05-03 22:12
Discussion of markets and holdings

INVESTMENT SCORECARD

The first quarter was extraordinary for traditional media stocks including ViacomCBS (7.6% of net assets as of March 31, 2021, +25%), and Discovery (2.1%, +41%) and AMC Networks (0.3%, +49%) as the rotation to value stocks and re-opening beneficiaries and the launch of direct-to-consumer services Paramount+ and Discovery+ led the stocks to nearly triple by early March. In retrospect, it appears that leveraged momentum trades by funds including Archegos Capital fueled some of those gains and ultimately led to significant declines in the final days of the quarter as Archegos collapsed and its positions quickly liquidated. Nevertheless, the

91 Views    Sydnee Gatewood    2021-05-03 22:11
Firm's largest sales of the 1st quarter

The Smead Value Fund (Trades, Portfolio) sold shares of the following stocks during the first quarter of 2021, which ended on March 31.

Target

The guru's Target Corp. (TGT) position was reduced by 13.07%, impacting the portfolio by -1.02%.

999fdb9a08b3076aa2668116b7398c55.png

The U.S. general merchandise retailer has a market cap of $103.19 billion and an enterprise value of $109.78 billion.

GuruFocus gives the company a profitability and growth rating of 8 out of 10. The return on equity of 34.48% and return on assets of 9.2% are outperforming 87% of companies in the

116 Views    Tiziano Frateschi    2021-05-03 13:54
Contrarian fund ups stakes in out-of-favor oil and pharma picks, trims top holdings

The Smead Value Fund (Trades, Portfolio) recently disclosed its portfolio updates for its fiscal first quarter of 2021, which ended on Feb. 28.

The fund operates under Smead Capital Management. Its contrarian investing strategy is based on large-cap stocks that meet the following criteria: serve an economic need, have a strong competitive advantage, have a long history of profitability and strong operating metrics, generate high levels of free chase flow, are undervalued, have a strong balance sheet, show insider ownership and have a history of friendly relations between management and shareholders. The fund is managed by lead

721 Views    Margaret Moran    2021-04-30 21:37

The stock of Discovery (NAS:DISCA, 30-year Financials) appears to be modestly overvalued, according to GuruFocus Value calculation. GuruFocus Value is GuruFocus' estimate of the fair value at which the stock should be traded. It is calculated based on the historical multiples that the stock has traded at, the past business growth and analyst estimates of future business performance. If the price of a stock is significantly above the GF Value Line, it is overvalued and its future return is likely to be poor. On the other hand, if it is significantly below the GF Value Line, its future

0 Views    GF Value    2021-04-29 04:12
Investment company Wolfswood Holdings, LLC (Current Portfolio) buys Discovery Inc, Discovery Inc, sells Carney Technology Acquisition Corp II, Reinvent Technology Partners, Reinvent Technology Partners Z during the 3-months ended 2021Q1, according to the most recent filings of the investment company, Wolfswood Holdings, LLC. As of 2021Q1, Wolfswood Holdings, LLC owns 3 stocks with a total value of $2 million. These are the details of the buys and sells.

For the details of Wolfswood Holdings, LLC's stock buys and

0 Views    insider    2021-04-23 02:38
Los Angeles, CA, based Investment company R.H. Dinel Investment Counsel, Inc. (Current Portfolio) buys Discovery Inc, Coca-Cola Co, Verizon Communications Inc, Discovery Inc, Liberty Formula One Group during the 3-months ended 2021Q1, according to the most recent filings of the investment company, R.H. Dinel Investment Counsel, Inc.. As of 2021Q1, R.H. Dinel Investment Counsel, Inc. owns 55 stocks with a total value of $131 million. These are the details of the buys and sells.
0 Views    insider    2021-04-15 22:38
Investment company O'Keefe Stevens Advisory, Inc. (Current Portfolio) buys Intel Corp, Teekay LNG Partners LP, AT&T Inc, Illinois Tool Works Inc, sells Discovery Inc, Alaska Air Group Inc, Fortis Inc, Apple Inc during the 3-months ended 2021Q1, according to the most recent filings of the investment company, O'Keefe Stevens Advisory, Inc.. As of 2021Q1, O'Keefe Stevens Advisory, Inc. owns 38 stocks with a total value of $159 million. These are the details of the buys and sells.
0 Views    insider    2021-04-12 20:38
How a high-risk, highly-leveraged bet caused a market implosion
"Another lesson I learned early is that there is nothing new in Wall Street. There can't be because speculation is as old as the hills. Whatever happens in the stock market to-day has happened before and will happen again. I've never forgotten that. I suppose I really manage to remember when and how it happened. The fact that I remember that way is my way of capitalizing experience." (attributed to speculator Jesse Livermore)

― Edwin Lefèvre, Reminiscences of a Stock Operator

A hundred years after Jesse Livermore ruled Wall Street, another uber speculator, Sung Kook "Bill" Hwang,

1007 Views    Praveen Chawla    2021-04-12 16:30
Boston, MA, based Investment company North American Management Corp (Current Portfolio) buys Palantir Technologies Inc, Jacobs Engineering Group Inc, Republic Services Inc, Discovery Inc, sells Cigna Corp, Viatris Inc, Citigroup Inc, Aspira Womens Health Inc during the 3-months ended 2021Q1, according to the most recent filings of the investment company, North American Management Corp. As of 2021Q1, North American Management Corp owns 104 stocks with a total value of $713 million. These are the details of the buys and sells.
0 Views    insider    2021-04-09 16:38
S&P 500 down 0.32%, Russell 2000 gains 1.72%

The Dow Jones Industrial Average closed at 33,066.96 on Tuesday with a loss of 104.41 points or -0.31%. The S&P 500 closed at 3,958.55 for a loss of 12.54 points or -0.32%. The Nasdaq Composite closed at 13,045.39 for a loss of 14.25 points or -0.11%. The VIX Volatility Index was lower at 19.61 for a loss of 1.13 points or -5.45%.

Tuesday's market movers

The major U.S. indexes closed lower Tuesday, but small caps gained. Investors continued to gauge the damage from Archegos Capital's liquidation, though the S&P financial sector showed a recovery. Hedge fund Archegos has been reported

39 Views    Julie Young    2021-03-31 14:01

The stock of Discovery (NAS:DISCK, 30-year Financials) is believed to be significantly overvalued, according to GuruFocus Value calculation. GuruFocus Value is GuruFocus' estimate of the fair value at which the stock should be traded. It is calculated based on the historical multiples that the stock has traded at, the past business growth and analyst estimates of future business performance. If the price of a stock is significantly above the GF Value Line, it is overvalued and its future return is likely to be poor. On the other hand, if it is significantly below the GF Value Line, its

0 Views    GF Value    2021-03-30 22:12
Archegos Capital liquidates approximately $30 billion

The Dow Jones Industrial Average closed at 33,171.37 on Monday with a gain of 98.49 points or 0.30%. The S&P 500 closed at 3,971.09 for a loss of 3.45 points or -0.09%. The Nasdaq Composite closed at 13,059.65 for a loss of 79.08 points or -0.60%. The VIX Volatility Index was higher at 20.74 for a gain of 1.88 points or 9.97%.

Monday's market movers

U.S. stocks ended mostly lower Monday to start a shortened four-day holiday week. Investors were concerned over losses from Archegos Capital. The firm has reportedly liquidated approximately $30 billion to cover margin calls. Stocks with

71 Views    Julie Young    2021-03-30 14:25
The case raises a red flag for investors on the unpredictability of investment banking

One of the biggest questions that investors in the U.S. want the answer to is when the Federal Reserve is going to begin raising the base interest rate again. However, the Fed itself seems determined to keep interest rates at or near zero for at least a few more years, conforming with the downwards trend that the U.S. federal funds rate has been in since the 1980s.

Given this trend, big banks have been increasingly turning to investment banking as a source of income in the hopes of continuing to grow their profits this way. However, the fallout from a

541 Views    Margaret Moran    2021-03-29 21:57
Lessons can be learned from the hedge fund's implosion

Reports are circulating that Bill Hwang's Archegos Capital was behind last Friday's trading frenzy, where many large-cap stocks slumped in value.

Most of the reports coming out at the moment are not based on concrete evidence, only speculation, so we don't know the true scale of the issue. However, two large banks, Credit Suisse (CS) and Nomura (NMR), have both admitted that they're likely to lose large sums due to the firm's trades.

These banks are on the hook because it seems as if Archegos was borrowing vast amounts of cash to fund leveraged trades from these institutions.

One report

4836 Views    Rupert Hargreaves    2021-03-29 19:26

The stock of Discovery (NAS:DISCA, 30-year Financials) appears to be significantly overvalued, according to GuruFocus Value calculation. GuruFocus Value is GuruFocus' estimate of the fair value at which the stock should be traded. It is calculated based on the historical multiples that the stock has traded at, the past business growth and analyst estimates of future business performance. If the price of a stock is significantly above the GF Value Line, it is overvalued and its future return is likely to be poor. On the other hand, if it is significantly below the GF Value Line, its future

0 Views    GF Value    2021-03-29 07:12