3 Reasons Warner Bros. Discovery Is a Screaming Buy Right Now
Warner Bros. Discovery (NASDAQ: WBD) has had a bumpy 12 months. The story of this new company -- created from a merger between WarnerMedia and Discovery earlier this year -- has been all about cost-cutting and canceling projects. And the stock price is down more than 50% over the past year.
Yet, despite the ups and downs, there are clues that Warner Bros. Discovery is undervalued right now, especially considering how its future is shaping up. Here are three reasons why Warner Bros. Discovery is a great buy today.
It has been more than a year since the rollout of a DC Extended Universe (DCEU) superhero movie. The Suicide Squad launched in August 2021 as a day-and-date release, hitting Warner Bros. Discovery's HBO Max streaming platform at the same time it landed in theaters. The sequel pulled in just $168 million in global box office receipts, far below the $747 million of its similarly named predecessor. Indeed, in the year since the release of The Suicide Squad, Walt Disney (NYSE: DIS) has launched five Marvel movies, which have collectively generated almost $4 billion in ticket sales.
Source Fool.com
