CMCSA

Comcast Corp

TMT


Presented:09/26/2018
Price:$35.37
Cap:$162.06B
Current Price:$42.11
Cap:$163.07B

Presented

Date09/26/2018
Price$35.37
Market Cap$162.06B
Ent Value$213.53B
P/E Ratio6.98x
Book Value$15.43
Div Yield2.15%
Shares O/S4,581.93M
Ave Daily Vol20,089,455
Short Int1.45%

Current

Price$42.11
Market Cap$163.07B
Comcast Corp. is a media, entertainment, and communications company, which engages in the provision of video, Internet, and phone services. It operates through the following segments: Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks, and Corporate and Other. The Cable Communications segment provides video, Internet, voice, and security and automation services under the Xfinity brand. The Cable Networks segment consists of national cable networks, regional sports, news networks, international cable networks, and cable television studio production operations. The Broadcast Television segment includes NBC and Telemundo broadcast networks. The Filmed Entertainment segment involves in the production, acquisition, marketing, and distribution of filmed entertainment. The Theme Parks segment consists of Universal theme parks in Orlando, Florida; Hollywood, California; and Osaka, Japan. The Corporate and Other segment includes operations of other business interests, primarily of Comcast Spectacor. The company was founded by Ralph J. Roberts in 1963 and is headquartered in Philadelphia, PA.

Publicly traded companies mentioned herein: Charter Communications Inc (CHTR), Comcast Corp (CMCSA), Sky PLC (SKY LN), T-Mobile US Inc (TMUS), Verizon Communications Inc (VZ)

Highlights

The presenter is bullish on the outlook for cable providers (“Cable") at this time, viewing the concerns about 5G and cord cutting as overblown near-term. While it is likely that cable will face pressure in years to come, it will take time for the supply chain to ramp up in support of 5G and the capacity necessary to unbundle. In the meantime, Comcast, despite how “muddy” the Sky acquisition makes the situation, and Charter appear to be well-positioned to defend their respective turf and grow EBITDA (and FCF) ahead of what he views as conservative Street estimates for 2019.

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Idea Discussion

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