In the last six months, Discovery (DISCA US) shares have been gradually declining, and from around $30 they have reached a level of about $23, although the main indices have risen during this time.
Let’s look at the company’s valuation by multiples and see that it is more than attractive.
First, market participants fear the outcome of the deal with AT&T (T US).
However, Discovery is not going to borrow $43 billion at all.
Secondly, there are questions about the expediency of the deal in general.
Thirdly, Discovery (Disca US) shares were among those that fell victim to a speculative up game (similar to Gamestop).
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