Comcast's Slow Climb Continues

Cable/communications giant Comcast Corporation CMCSA took the long way home, to quote Supertramp, to get to $20, but it's arrived. Comcast, which I first wrote about on April 22, 2009 at a price of $14.05 will likely post a 2010 revenue increase of 5-7%, with a similar increase in 2011, propelled higher by increased multi-service customers, higher video services revenue, and a rebound in advertising revenue. Margins should improve slightly. Comcasts' most compelling metric? Subscribers: 22.9 million video, 16.7 million high speed internet, and 8.4 million digital phone. Comcast has also formalized its plan to buy a 51% joint-venture stake in NBC Universal GE, which will contribute programming. Continue reading the article.