Discovery A Cash Machine, But No Word On Buybacks

By | September 29, 2015

Scalper1 News

Discovery’s (DISCA) stock slipped after the cable TV programmer forecast low-double-digit adjusted EPS and free cash flow growth through 2018, though it projected $10 billion in available capital over the next five years. Media stocks were torched in early August after Walt Disney warned over slowing revenue growth from programming fees, and Discovery stopped a stock buyback. Discovery had spent more than $6.2 billion buying back shares through a Scalper1 News

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