Warner Bros. Discovery, Inc. (WBD) Is Worth More Than It’s Selling For, Says Jim Cramer

Warner Bros. Discovery, Inc. (NASDAQ:WBD) is one of the Jim Cramer Says US Has To Give Some Chips To China & Discusses These 10 Stocks.

Warner Bros. Discovery, Inc. (NASDAQ:WBD) is one of the largest media companies in the world. Its shares have lost 1.3% year-to-date as they are yet to recover from a massive 27% drop in April after the Liberation Day tariffs. Warner Bros. Discovery, Inc. (NASDAQ:WBD)’s stock fell after the tariffs because investors were worried about the firm’s movies being subject to retaliatory actions from foreign nations. However, since the post-Liberation Day drop, Warner Bros. Discovery, Inc. (NASDAQ:WBD)’s shares have gained 36.8%. In his previous comments about the firm, Cramer praised the firm’s CEO David Zaslav, and wondered whether inflation in streaming prices could force viewers to turn back to traditional media. Here are his recent thoughts about Warner Bros. Discovery, Inc. (NASDAQ:WBD):

“They have a deal with Disney. Look I happen to think the company’s worth more than it’s selling for because I love the studio. Studio business is a great business.

“No I mean they they still have a lot of characters they don’t seem to, doesn’t seem to create the value that I keep thinking.”

Warner Bros. Discovery, Inc. (WBD) Is Worth More Than It's Selling For, Says Jim Cramer

A movie theater auditorium filled with an audience enjoying a blockbuster film.

In his previous comments, Cramer discussed Warner Bros. Discovery, Inc. (NASDAQ:WBD)’s financial position:

“Here’s my feeling, all right, David Zaslav runs Warner Brothers Discovery. He’s done the first thing absolutely right. He has made that balance sheet to be palatable. Now he just has to break out of the hell that is Linear and be thinking about all the new exciting things that could be done. I want you to stay long on those couple hundred. I would even be tempted, dare I say…. I would actually buy the stock. That’s right. I would buy Warner Brothers Discovery. I’m willing to stick my head out and see what happens.”

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READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

Disclosure: None. This article is originally published at Insider Monkey.