WR810 t1_j9sbqo7 wrote

>It's that simple actually.

Again, I'm telling you that it's not.

Discovery didn't create billions in debt. That debt existed on a AT&T balance sheet from well before the merger. Discovery just moved that debt from AT&T's balance sheet to their balance sheet in return for Warner Brothers (basically). The liabilities attached to Warner Brothers were nothing new.

As per my second comment we would see cuts and reductions in Warner Brothers if AT&T sold or not because AT&T was in debt and because AT&T mismanaged Warner Brothers.


WR810 t1_j9rz4xz wrote

Obviously new debt was created to pay off the old debt.

The point was Warner Brothers and its properties have been mismanaged well before Discovery and was a major albatross around AT&T's neck. We would see reductions like this even if Discovery hadn't borrowed the money to buy Warner Brothers because the last owner was also indebted.


WR810 t1_j6lvul6 wrote

> Leopold was capitalist practiced mercantilism.

There are plenty of bad things you can say about capitalism but when you have state monopolies, captured markets, and lack free trade that's mercantilism.

Edit: do you really believe the overseas private property of a European monarch was practicing capitalism?


WR810 t1_j6516pt wrote

That's still 75% more than yesterday.

But it's currently 35% less than its 52-week high and 65% less than its all-time high. 52-week and all-time high don't really matter but it's fun context.

I can't find the 200-day moving average without logging into my account but I'd be interested in knowing what that number is.