Warner Bros. Discovery Stock Has Been Left for Dead -- Is It Time to Buy?

Warner Bros. Discovery (NASDAQ: WBD), formed earlier this year when telecom giant AT&T spun off WarnerMedia and merged it with Discovery, has all the makings of a media giant. The company's stable of intellectual property and assets is formidable: HBO, DC Comics, Warner Bros.' films, linear TV channels including CNN, TBS, TNT, Cartoon Network, HGTV, TLC, Discovery, and many more, and rights to broadcast NBA games all fall under the company's umbrella. Warner Bros. Discovery is also already a major player in streaming.