I have been buying shares of Comcast since 2004 and I have many shares showing a 300% from when I bought them. This has been one of the best long term investments I have made. Over 2000 shares owned.
Analysts who follow Comcast are upbeat about its parks. Jessica Reif Cohen of Merrill Lynch called the segment's third-quarter results "very impressive" during the conference call.
"It seems pretty clear that new attractions drive attendance," she said.
Doug Mitchelson, an analyst with Deutsche Bank, predicted this week that the NBCUniversal theme parks will reach nearly $2.5 billion in annual revenue by 2015 — double the $1.2 billion in yearly sales they produced in 2009.
Burke said he thinks the theme parks also help NBCUniversal's other businesses, including film, television and, eventually, consumer products, in much the same way parks and resorts feed Walt Disney Co.'s other operations.
Ticker Report excerpts
Analysts at JPMorgan Chase & Co. upped their target price on shares of Comcast (NASDAQ:CMCSK) from $51.00 to $59.00 in a research report issued to clients and investors on Thursday, American Banking and Market News reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s target price suggests a potential upside of 27.43% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Deutsche Bank raised their price target on shares of Comcast from $52.00 to $60.00 in a research note to investors on Tuesday. Separately, analysts at Wunderlich raised their price target on shares of Comcast from $58.00 to $63.00 in a research note to investors on Monday. They now have a “buy” rating on the stock.
Sorry shorty, you must not know this stock. Third quarter almost always misses by a hair. Pay attention to the history and YOU will not get caught short. Next stop, sixty. GLFH
The EPS was better than expected, though the revenues were a bit below estimates. The cable communications segment revenues increased by 5.2% and the NBC segment revenues went down by 14.2%. Within the cable communications segment, the TV subscribers have declined from 23 million to 21.6 million and the broad band subscribers have increased from 17 million to 20.3 million over the last three years. In the NBC segment, the broadcast TV revenues went down sharply, but the cable networks, theme parks and filmed entertainment businesses posted modest growth. Some articles on seekingalpha have expressed positive sentiments about the stock. The company has posted decent numbers consistently. As mentioned by one analyst, the company's three-year revenue growth is higher than the industry average. The fair value of the company's stock was calculated at nearly $100 indicating a decent upside potential from current levels. The dividend yield is also better than industry average. Another analyst stated that the company can benefit from its expanded partnership with CBS as it will help Comcast retain its existing subscribers and attract new subscribers. The stock has appreciated consistently over the last two years, and the dividend payments have been increasing consistently over the last few years. The movement has been backed by fundamentals as the company has posted good growth in top and bottomline. The revenues have grown from $35.7 billion in 2009 to $62.5 billion in 2012, and the net income has increased from $3.6 billion to $6.2 billion during the same period. The diversification of the revenue stream gives it stability. It is on the lookout for emerging high potential segments, and recently made a small investment in the fantasy sports where companies like Yahoo (YHOO) and MGT Capital Investments (MGT) have put in their money. Comcast seems to be a good long term bet mainly due to its consistently good performance.
From Fierce Cable
Smit: Comcast could grow Xfinity footprint by licensing X1 to fellow cable MSOs
October 30, 2013 | By Steve Donohue
Other cable operators have expressed interest in licensing Comcast's (Nasdaq: CMCSA) X1 platform, Neil Smit, CEO of its cable unit, told analysts this morning.
Comcast reported Wednesday that it lost 129,000 video subscribers in the third quarter. But the nation's largest cable MSO reported improved results from subscribers who have taken its next-generation X1 video product, which could help it strike deals that would see fellow operators sell subscribers Xfinity-branded multiplatform video programming. Smit said licensing X1 to other operators could allow Comcast to expand the footprint for its Xfinity brand.
Smit said viewing of video-on-demand content has increased by 27 percent in X1 homes and that paid VOD transactions have increased by 20 percent. The percentage of X1 subscribers who cancel service is smaller than video customers without the product. Smit noted that X1 has created "a meaningful impact on voluntary churn."
Comcast has inked deals to let subscribers tune in to 35 live cable channels through its updated video-player app for mobile devices over any Wi-Fi connection — including outside the home — aiming to give customers a new reason to keep paying for cable TV.
In the next few days, the cable operator will launch the renamed Xfinity TV Go, which replaces its previous Xfinity TV Player App.
The new app will let Xfinity TV customers watch up to 35 live TV channels — including ESPN, CNN, CNBC and Fox News — over any Wi-Fi connection on Apple and Android mobile devices, with availability depending on subscription level. That’s in addition to 25,000-plus on-demand titles currently available through the existing app, which also provides the ability to download several thousand movies and TV shows to watch offline.
“With Xfinity TV Go, we’re giving customers all the entertainment they want in one place, in the palm of their hand,” said Charlie Herrin, Comcast Cable senior VP of product design and development.
High-Speed Data, HBO, Broadcast Channels for $40/Month
By: Mike Farrell Oct 25 2013 - 02:54pm
About a month after Time Warner Inc. chairman and CEO Jeff Bewkes said he was open to allowing premium channel Home Box Office to ride on a straight broadband offering, Comcast apparently has taken him up on it.
Comcast confirmed Friday that it is testing a new package that would give consumers a 20-25 Megabit per second high speed data connection, its premium-level Streampix multi-screen video-on-demand service, Wi-Fi access, HBO and local broadcast networks for an introductory price of $39.99 per month. The price would rise to about $70 per month after the first year.
From MultiChannel News
500,000 WiFi Sites on Cable’s Agenda
By: Gary Arlen Oct 25 2013 - 10:08pm
Cable operators collectively could run at least 500,000 WiFi hotspots nationwide in the very near future, according to David Don, Comcast’s executive director-regulatory and public affairs. Although he did not specify a timetable, Don said at a Washington think-tank seminar this week that the current 200,000 cable-run hotspots indicate the industry’s commitment to making wireless access available to its customers nationwide.
He cited the value of leveraging “the broadband platform we’ve built.” Don also singled out the potential for “off-loading cellular congestion” via expanded capabilities of WiFi bandwidth.
Comcast is determined “to improve the robustness of WiFi,” Don said, emphasizing the need for “a balanced spectrum policy that includes unlicensed spectrum.” Don spoke on a panel about “The Home of Tomorrow Today” at the fifth annual Institute for Policy Innovation Communications (IPI) Summit in Washington.
Please short more, Christmas is coming and I want a new flat screen paid for by you...
continued - One option may be to team up with other cable operators which would sell high-speed Internet access to subscribers but would use the platform Comcast has developed and its Xfinity brand as the subscription video service in their triple-play bundles.
"It's way early," Watson said when asked if Comcast saw opportunities to expand Xfinity through virtual cable distribution. "I think our primary focus is on the experience. It starts with that. I think it starts with operators being able to look at it, and go, 'You have to buy in.' But that is the game changer, the way we think it is. And from there, it opens up a myriad of possibilities," he added.