I've gotten to know Jeff Bewkes a little bit (who was the CEO who sold Warner for $80b to AT&T). Basically his strategy team was like, we need to build a streamer, in 10 years Netflix will have destroyed our business. And his conclusion was, rightly, we actually don't have the capacity to compete, let's just bail.
Sh*t idk but lowkey I got some on me but only 20s . But he probably thought I was lying based on his reactions, chirping his teeth like I’m his mom. Teen was two words away from getting socked up. Like I said , I got frustration boiling inside me for past weeks cus I lost my port
No, cause USD is global reserve currency still for another 5 years at least. The rest of the world sells T-bills cause they need USD, not cause they’re divesting.
That first part is not as simple. Warner Media already had debt as a subsidiary which was transferred over in the spin-merge transaction (RMT). This qualifies as "proceeds" to AT&T since it gets rid of liabilities on the consolidated balance sheet. Additionally, in typical RMT's, for it to qualify as a tax-free transaction you need to have the shareholders that owned the entity that is spun-off (shareholders of AT&T in this case) own at least >50% of the newly combined company. So essentially WarnerMedia can only raise enough debt to reach that threshold.
If you have the money I’d roll them out till like June with maybe a 110 strike. 120c for feb might be tight but you never know. I own 2 103 c for June and am down about 12% today but I think they’ll be ok.