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Warner Bros. Discovery Is Down 40% Since Its Debut. Time to Buy?

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Warner Bros. Discovery Is Down 40% Since Its Debut. Time to Buy?: https://g.foolcdn.com/editorial/images/726001/gettyimages-1360511724-1.jpg

April 11 marks the first anniversary of Warner Bros. Discovery (NASDAQ: WBD) as a stand-alone public company. Yet, its stock has struggled to gain support among investors, falling roughly 40% since its debut, as the company has struggled to pay down its excessive debt.

Here is why Warner Bros. Discovery's stock is struggling and two reasons it might be a good time to buy.

Warner Bros. Discovery formed last April when AT&T spun off Warner Bros. Media to merge with Discovery, Inc. The market almost immediately soured on the new entertainment conglomerate as its debt became a primary concern.

Source Fool.com

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