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Comcast Corporation Message Board

  • investora2z investora2z Oct 31, 2013 7:00 AM Flag

    Good numbers

    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.

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