Comcast (CMCSA) remains a unique investment, winning on all sides of the pandemic-impacted economy. Broadband continues to have a tailwind as the value and necessity of a high-speed internet connection has been enhanced, likely permanently in our view. NBC Universal is a cyclical business and just at the start of its recovery in theme parks, […]
Comcast reported mostly in line results for its 2Q15. Nothing changes in the long-term story, which we continue to like very much. Comcast offers steady and predictable, if modest growth, a great balance sheet, double digit growth in free cash flow, and shareholder friendly management that acts with an element caution. Comcast is composed of […]
In a tough year for media and entertainment stocks, Comcast (CMCSK) has been a good performer rising 11% through October, a bit ahead of the S&P 500. As the just reported third quarter revealed, performance would be even better if not for the headwinds that have buffeted media and entertainment stocks. The good news is […]
Comcast (CMCSK) reported better than expected 1Q14 earnings. The upside came from NBC Universal, a good thing given the magnitude of the financial upside in a successful turnaround,. However, Comcast financial performance and stock sentiment is driven more by the much larger cable business. On that side of the company, results were very slightly disappointing […]
Comcast (CMCSK) reported another excellent quarter and indicated the outlook for 2014, and even 2015, is strong. Showing confidence in its business strategy, execution, and growth potential, the company increased the dividend by 15% and expanded its share buyback program by $3 billion. The headline financial metrics for the fourth quarter were impressive: revenue +5.8%, […]
Comcast (CMCSK) reported mixed results relative to consensus expectations but growth remains vibrant and the outlook is excellent. Financial results were good with mid-single digit revenue growth and modest margin expansion leading to high single digit growth in operating cash flow. There was modest disappointment with subscriber counts at cable but nothing outside the margin […]
Despite merger and acquisition rumors popping up all around the cable and satellite industry, Comcast CMCSK) shares have not moved higher. This makes sense since Comcast is by far the biggest company in U.S. pay TV industry with 25 million subscribers. Charter Communications, now 25% owned by cable industry pioneer John Malone’s Liberty Media (LMCA) […]
Cablevision (CVC) shares jumped sharply following the release of 1Q09 earnings. The upside is being driven by free cash flow and the announcement that CVC will consider spinning off its Madison Square Garden assets. I found the fundamental operating trends at the cable business to be slightly disappointing with revenue and EBITDA at the very […]
Comcast reported better than expected 1Q09 results pretty much across the board. I completely missed this as I had expected this to be the final quarter of sluggish growth with estimates coming down again. I underestimated Comcast’s excellent operating management and favorable seasonal trends. It was clear after Time Warner Cable (TWC) reported yesterday that […]
Comcast COO Stephen Burke spoke recently at an industry conference and had some interesting insights. I would have missed it if not for my subscription to SNL Kagan. Burke spoke optimistically of the possibility of picking up millions of basic cable subscribers in 2009 due to the transition to digital TV. Kagan calculates that as […]
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