Better Buy: AT&T vs. Warner Bros. Discovery
AT&T (NYSE: T) closed its spin-off of Warner Bros. Discovery (NASDAQ: WBD) on April 8, and the two stocks started trading separately on April 11. AT&T's investors received a 0.24 share of Warner Bros. Discovery for each share of AT&T they owned, and they now collectively own 71% of Warner Bros. Discovery's shares on a fully diluted basis.
AT&T and Warner Bros. Discovery both claim they will generate better returns as separate companies, but is either stock worth buying right now? Let's review their plans for the future to find out.
Image source: AT&T.
Source Fool.com
