What sort of event could cause the stock price to actually go up?
Literally anything at this point?
"HBO Max combines with Discovery+ today"
"HBO Max adds 20 million subscribers in Q2"
"New HBO series Snickle Snackle edges out Euphoria's premiere numbers"
"The Batman 2 announced as HBO Max Original"
Any of these headlines could at least double $WBD at this point. I'm not saying they're likely, but they are realistic possibilities in the next year.
The service is launched it will continue to grow and they will continue to add content but I don't really see a 'buy the rumor - sell the news' opportunity here.
Investors are dumb and follow headlines. The stock will shoot up on good news, and if there's momentum it'll keep going. $18 for $WBD is undervalued and I still haven't been convinced otherwise, when $NFLX (with no diversified revenue streams and larger content expenditures) is still $200.
This all said, my first two shares of $WBD are sentimental. I only intend to make a profit on future potential purchases.