OXY - Discovery Inc.: Boost From Economy

• Large acquisitions have historically not lived up to management expectations.
• The healthy economy may provide this deal with an extra boost.
• Cash flow before Content Rights and Payables grew. It may keep growing in excess of costs as long as the economy remains strong.
• This business when run properly generates a lot of free cash flow to repay debt.
• Management is likely to exceed the debt repayment guidance as long as the economic conditions remain beneficial.

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