Warner Brothers Discovery: Deleveraging Key To Shares Rallying
Warner Bros. Discovery(WBD) Seeking Alpha·2024-05-13 02:33
Jacek_Sopotnicki Warner Brothers Discovery (NASDAQ:WBD) released first quarter earnings last week. The media giant has been scrutinized for earnings performance and high leverage since its merger. Back in February, I took a bullish stand on Warner Brothers Discovery through the sale of cash secured puts. While the first quarter earnings report disappointed by missing both revenue and earnings estimates, I believe there are current and upcoming catalysts to stay bullish on WBD stock. Warner Brothers Disc ...