Comcast will Test 34 in next two weeks.....see below
This is going to hurt the Stock price in the near term. look for it to test 34 dollars a share by end of this month. This capital raise will hurt the balance sheet
On Sept. 28, Comcast Corp. (CMCSA) sold $1 billion of 30-year bonds for its NBCUniversal subsidiary, with a 4.45% rate, compared with rates ranging between 6.5% and 7% for 30-year bonds Comcast sold in past years. More from the Journal:
The low yields present a problem to investors, because they are buying bonds at historically high prices that will fall if the Fed begins raising interest rates. Bond prices move in the opposite direction of interest rates.
However, bond-fund managers have little choice but to buy the debt, if they can, especially when highly regarded issuers like GE re-enter the market.
Investment-grade companies have been very stable lately. Moody’s Mr. Gray said that only four companies have suffered ratings downgrades since July, “which speaks to the fact that things are pretty stable out there
WRONG!!!!! Today is the 17th - a full 8 days into your "next two weeks" and Comcast is currently trading at its ALL TIME HIGH! There are only 6 days left to fulfill your prophecy that Comcast "will test 34 in next two weeks...". I don't think so!!