Jim Cramer on Warner Bros: "It Came Alive This Quarter Past"

Warner Bros. Discovery, Inc. (NASDAQ:WBD) is one of the noteworthy Q3 stocks Jim Cramer was focused on. Cramer discussed the company’s past underperformance and recovery, as he commented:

“The third winner is Warner Brothers Discovery, which had been a long-time underperformer, but it came alive this quarter past, rallying over 70% thanks first to an improved balance sheet and a better box office, and then of course to takeover chatter… David Zaslav, the CEO of Warner Brothers Discovery, has been tempted to unlock value by separating the Warner Brothers studio and HBO Max streaming platform from the Discovery Global television assets. A takeover bid would front-run that change. We haven’t seen one develop yet, but I wouldn’t be surprised if there’s a big auction for Warren Brothers Discovery if Paramount makes its move.”

Warner Bros. Discovery, Inc. (NASDAQ:WBD) is a media and entertainment company that produces films, television, and streaming content, while also providing gaming, home entertainment, and themed experiences.

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