Here's the Perfect Spot to Buy Comcast Stock - And 3 Reasons to Do So
September 10, 2018
Now that the Disney (NYSE:DIS), Comcast (NASDAQ:CMCSA) and Twenty-First Century Fox (NASDAQ:FOX, NASDAQ:FOXA) drama is (mostly) over, Comcast stock has been able to enjoy some solid gains.
Even though we have been buyers of Disney, that doesn’t mean we didn’t like Comcast. The cable conglomerate owns Universal Studios, NBC and other prime assets. It actually has multiple catalysts that make it an attractive long position now that it’s done with its bidding war with Disney.
In a way, it’s good that Comcast didn’t win, given that the price went from ~$50 billion to ~$70 billion from start to finish.
Disney is happy to win the war, but it certainly lost a few battles by having to fork over so much extra cash. In any regard, let’s explore CMCSA stock, starting with the chart.
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