2Yr·

Here is an overview of my smaller post-buys in July. The focus was on #gold miners and streamers like $NEM (-1.18%) and $RGLD (-1.01%) where $FNV (-0.88%) also has a significant oil/gas exposure. The whole was rounded off by $WBD (+0.52%) ✌️

10 Comments

Divmann@Divmann

2Yr

I only recognize a clear focus on $WBD

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Philipp@investdiversified

2Yr

@Divmann oh the shit does not work again, edit does not work...

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How$y 🗽@Howsy

2Yr

Still revealing your investment case for $WBD?

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Philipp@investdiversified

2Yr

@Howsy89 In 2023, the company expects to achieve revenue of 52 billion and EBITDA of 14 billion. DTC sales are targeted at 15 billion. Synergies will save a further 3 billion. The FCF will initially be used to reduce debt, which is also the main risk. The FCF is expected to be around 8 billion, which would mean an FCF yield of around 20% at the current market capitalization. That would be brutally good and the market capitalization should then follow suit in the medium term 👍

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How$y 🗽@Howsy

2Yr

@investdiversified all right, thanks for the insight. It would be too much future music for me.

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Philipp@investdiversified

2Yr

@Howsy89 is of course always a matter of consideration

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