Part of the weekly research here at The Acquirer’s Multiple features some of the top picks from our Stock Screeners and some top investors who are holding these same picks in their portfolios. Investors such as Warren Buffett, Joel Greenblatt, Carl Icahn, Jim Simons, Prem Watsa, Jeremy Grantham, Seth Klarman, Ray Dalio, and Howard Marks. The top investor data is provided from their latest 13F’s. This week we’ll take a look at:
Discovery Communications Inc (NASDAQ: DISCA)
Discovery is the one of the largest global media providers with over 2 billion cumulative subscribers in over 220 countries. Its three traditional networks (Discovery, TLC, and Animal Planet) each reach over 85 million U.S. households and more than 200 million international subscribers. The top two networks (HGTV and Food Network) acquired in the Scripps transaction are available in more than 87 million households in the U.S. The international segment consists of national and pan-regional networks over 294 unique distribution feeds in more than 45 languages.
A quick look at the price chart below for Discovery shows us that the stock is down 15% in the past twelve months. We currently have the stock trading on an Acquirer’s Multiple of 9.00, which means that it’s undervalued.
(Source: Morningstar)
Superinvestors who currently hold positions in Discovery:
Ken Griffin – 4,467,132 shares
Bill Miller – 1,445,245 shares
Mario Gabelli – 1,230,008 shares
Michael Burry – 500,000 shares
Steve Cohen – 493,603 shares
Jim O’Shaughnessy – 273,836 shares
Cliff Asness – 175,763 shares
Murray Stahl – 155,698 shares
Joel Greenblatt – 134,309 shares
Ken Fisher – 67,017 shares
Lee Ainslie – 58,396 shares
Jim Simons – 37,000 shares
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