VZ - My Favorite Media Stock For The Next Five Years
- While possibly dead money for a year, Discovery (DISCK) is my favorite media name for the next five.
- The combination of AT&T’s WarnerMedia and Discovery creates a streaming giant with more content than Netflix.
- Malone is the Warren Buffett of the media world. The next decade at Discovery could be similar to what he did with Charter Communications (stock up 4.5x in 8 years).
- With DISCK, we estimate $5 of downside, with $30+ of upside over the next 3-5 years.
- I added shares last week, with plans to build a position over the next 6-12 months.
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My Favorite Media Stock For The Next Five Years