No. of Recommendations: 0
re: DISCA as well as the family (DISCB and DISCK)

just different voting privileges and prices per stock.

Discovery is also one of those multiple-class stocks — DISCA is the A shares, which get one vote per share, DISCB, B shares, gets 10 votes per share, and DISCK, C shares, gets no voting power. DISCK trades at a bit of a discount since it doesn’t get the voting power, which might be interesting for small investors who understand that they don’t get any corporate voting power anyway, though you can imagine a proxy fight or activist investor situation when voting shares should trade at a substantial premium, too, so those things are always a tough call — and really, though I hold shares in companies that have “lower class” non-voting or fewer-votes shares (like Berkshire Hathaway and Google), I don’t like to encourage that activity. The B shares are very illiquid, but currently priced about the same as the A shares.

Quillnpenn -
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