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DIS - Warner Bros. Discovery: Losing NBA Rights Bullish As Are Other Realities
The Walt Disney Company
2024-05-07 17:40:12 ET
Summary
Warner Bros. Discovery, Inc. stock should trade like an investment company turning free cash flow into debt reduction as a long-term strategy.
NBA rights are losing value, but rights fees are up.
Warner Bros. Discovery will build a mountain of cash and then get active in big moves.
Warner Bros. Discovery, Inc. (WBD): Why losing the NBA rights is actually a plus for the company, in contrast to some analysts' belief it is big-time bearish.