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Bank of America analyst Jessica Reif Ehrlich has been blunt in her assessment that the firm, created by Discovery’s absorption of WarnerMedia in 2022, is not on an a sustainable path.

The stock slide “comes on the heels of significant under-performance over the last two years,” Reif Ehrlich wrote in a report Thursday.

Reif Ehrlich and other analysts have suggested the company look at asset sales, such as cleaving off its video game unit, which suffered a tough quarter as its “Suicide Squad” game dramatically underperformed, particularly compared to last year’s Harry Potter hit.

Wiedenfels’ response to a question posed by Reif Ehrlich on Wednesday appeared to shake investors’ confidence.

“They can’t go on like this,” Bank of America analyst Jessica Reif Ehrlich said, referring to the lagging stock and string of missteps by Warner Bros.