#152: The Discovery Communications $DISCA $DISCK / WarnerMedia $T Merger

2021-05-27

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New Podcast

Hey All! I've started a second show completely devoted to the field of Ontology which is another huge passion of mine. Please check out The Eric Scheien Podcast which is an ontological podcast where I break down distinctions of human consciousness as an access to enhancing performance.

TIKR.com

This episode is brought to you by TIKR.com. This is a product I personally use for researching stocks at my firm. TIKR.com is focused on bringing institutional-quality investment research tools to individual investors. TIKR.com is powered by S&P Global CapitalIQ and has coverage of 50k+ stocks globally with financials, estimates, valuation metrics, ownership, transcripts, news, filings, and more. Join TIKR.com's free beta today with tikr.com/intelligent

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Summary

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

Resources

John Malone Interview on CNBC
My Book on Amazon

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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