Yesterday my colleagues at theStreet.com, Jim Cramer and Cody Willard wrote opposing opinions about the attractiveness of investing n cable stocks. I have been bullish on cable and Cramer even mentioned me as the lonely bull recently on his Mad Money show on CNBC. Cody is a good friend and we have debated this topic […]
I am surprised that cable stocks have held up since last Thursday’s Wall Street Journal article which indicated a recent report from Cable Labs, the industry’s internal R&D arm, said that to keep up with exploding broadband demand and Verizon’s fiber rebuild, the cable industry would have to complete another costly upgrade of its plant. […]
Yesterday saw earnings releases from Cablevision (CVC), Charter Communications (CHTR), and DirecTV (DTV) allowing investors to take a snapshot of the current competitive environment in multichannel TV. I think these results along with earlier reports from Comcast and Time Warner support eh bull case for cable over the short-term. CVC continued its strong double digit […]
Comcast (CMCSA/CMCSK) reported another strong quarter with most key financial and subscriber measures beating estimates. On top of similar strength in 1Q, management is raising guidance. Revenue growth in the cable division (well over 90% of the company) is going up to 10-11% from 9-10%. EBITDA growth is now projected “at least” 13% higher vs. […]
Cablevision (CVC) shares are up sharply after the company reported better than expected 4Q05 results and announced 2006 guidance for its cable division that is above current analyst estimates. As the conference call begins, CVC shares are up 5% and dragging Comcast (CMCSA/K), up over 1% along for the ride. Wall Street may hate cable […]
Comcast (CMCSA/K) reported better than expected results. Across almost every important financial and subscriber metric, the results were at the high end of expectations or better than expected. This just the start of a string of good results tat will feature double digit top line growth, slightly expanding margins, leveraged EBITDA growth, and growing free […]
I remain bullish on CMCSA which reports before the open tomorrow. I think investors are slowly coming around to my thesis that financial performance over the next year or two will be quite strong and is worth paying for today. CMCSA will begin to show some aspects of subscriber and financial performance this quarter. But […]
One of the blogs I read regularly belongs to Mark Cuban. In a post last week, Mark discusses his view that lack of capacity in the final mile to the home will limit the ability of consumers to bypass the traditional distributors of TV, cable and satellite companies, any time in the near future. Mark’s […]
One impact on the on the cable companies of the AT&T (T) – BellSouth (BLS) merger that I did mention in my previous post was wireless telephony. As has been widely discussed, one of the driving forces behind the T-BLS merger is the consolidation of Cingular wireless with T and the rebranding of the service […]
Some observations and thoughts related to cable and media on the AT&T (T) – BellSouth (BLS) merger after reading through all the stuff that my email inbox: • I’ve been bullish on Comcast (CMCSA/K) using a thesis that the shares had room to rise as long as the window remained open for a year or […]
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