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Comcast Corporation (CMCSA) [hlAlert]

up 233.94 %

Comcast Corporation (CMCSA) rated Buy

Posted on: Saturday,  Jan 12, 2008  11:33 AM ET by Barrons 12 Stocks for 2008

Barrons 12 Stocks for 2008 rated Buy Comcast Corporation (NASDAQ: CMCSA) on 01/07/2008, when the stock price was $17.00.
Since then, Comcast Corporation has gained 233.94% as of 01/04/2016's recent price of $56.77.
If you would have followed this Barrons 12 Stocks for 2008's recommendation on CMCSA, you would have gained 233.94% of your investment in 2919 days.

Comcast Corporation is a provider of cable services, offering a variety of entertainment, information and communications services to residential and commercial customers. As of December 31, 2008, its cable systems served approximately 24.2 million video customers, 14.9 million high-speed Internet customers and 6.5 million phone customers, and passed over 50.6 million homes in 39 states and the District of Columbia. It operates in two segments: Cable and Programming. The Cable segment, which generates approximately 95% of the Company?s consolidated revenue, manages and operates cable systems in the United States. The Cable segment also includes the operations of its regional sports networks. The Programming segment consists of its national programming networks, including E!, Golf Channel, VERSUS, G4 and Style. In June 2009, the Company acquired from Hearst its 50% interest in New England Cable News (NECN). Comcast owns 100% of NECN.

What did badly in 2007 might do well in 2008, because valuations in many depressed sectors are at multiyear lows. Single-digit price/earnings ratios are common in the financial sector, and stocks in many industries are trading at or near book value, a level that often proves to be a floor beneath stock prices.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/7/2008 4:00 PM Buy
1 year
as of 12/24/2008
1 Week down  -4.07 %
1 Month down  -1.06 %
3 Months down  -7.33 %
1 YTD down  -17.71 %

(*) Stock Price at the time of the recommendation.
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