Comcast Continues to Rise

The shares of cable and communications giant Comcast Corp. CMCSA, which I first wrote about on April 22, 2009, at a price of $14.05, have put in a decent rally this winter, rising to about $24. Now may be a good time to consider taking some profits if you're in near $14. However, those investors who can tolerate the risk can maintain their full position with CMCSA and go for an even bigger gain, but keep in mind the journey to $30 probably will not be completed in 2011. Comcast's 2011 revenue will likely increase 4% to 6%, with a similar increase in 2012, propelled higher by increased multi-serivce customers, higher video services revenue, and a rebound in advertising revenue. Margins should improve slightly. Continue reading the article.