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Comcast Corporation Message Board

  • investora2z investora2z Jul 25, 2013 11:31 AM Flag

    Earnings will be the next trigger

    Comcast has recovered from the minor correction, and has now picked pace. It is about 11% up over last one month, and has appreciated by 42% during the last one year. It is making new highs, and the investors have been rewarded with good returns. In addition, Comcast pays dividends consistently, and the yield is around 1.7% at a low payout of 27%. The upcoming earnings will be the next trigger for the stock. The company had reported good growth in the net income in Q1'13. The topline had also shown marginal improvement on a yoy basis. Sequentially there were declines in both revenue and net income. Over the longer term, the company has done great with improvement in gross and net margins since 2009. The revenues have increased from $35.7 billion to $62.5 billion, and the net income has grown from $3.6 billion to $6.2 billion. Q2'13 earnings will obviously determine the short term trend, but the long term future seems to be good. It is a reasonably well diversified company which has delivered consistent performance. It is playing in a dynamic environment and remains alive to new opportunities for long term success. It has recently made a small investment in the fantasy sports where companies like Yahoo (YHOO) and MGT Capital Investments (MGT) have also increased stake. The forward P/E is now around 16 which is reasonable, but further rise in the stock price will begin to stretch the valuations. If the quarterly performance is good, then obviously the valuations will become better. Otherwise, there may be some short term correction in the stock. Earnings exposure is a risk for investors which has equal probability of success and failure. One can play as per the risk appetite. Hopefully, the company will deliver a great set of numbers and the uptrend will gain momentum.

 
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