Comcast Corp (NASDAQ:CMCSA)

Excellent customer service

Although Comcast just announced rate hikes, they seem to have a monopoly on the television market. ATT is entering the game but won't for a while and will probably take a while to be a real competitor.

Comcast is currently enjoying the 'triple play' offerings of digital cable, telephone and high-speed internet. I know personally that the high-speed internet and digital cable offerings are tremendous. Now all they need is a wireless company for the 'quad play'.

Building a monopoly on the Triple Play.

“The bigger, the better” if there is one company that would like to highlight this view is Comcast Corporation. The largest broadband cable provider in the United States offers a wide variety of consumer entertainment and communication products and services, serving more than 21 million video subscribers, 8 million high-speed Internet subscribers and 1 million phone subscribers.

With operations being spread across more than 35 states, the company is the market leader in multi-channel video program distribution (MVPD) with approximately 28% market share (including proportional shares of non-wholly owned cable systems). Comcast enjoys a reputation as a savvy cable operator, and has shown impressive growth since its acquisition of AT&T Broadband in late 2002. Strategically moving ahead, its recent transactions include the acquisition of Adelphia cable systems and the dissolution of its Texas joint venture with Time Warner Cable.

The advent of the new technology has enabled telecom companies to provide triple-play services, high-speed Internet, video on demand and telephone services over a single broadband connection. With wireless and broadband services being projected as the key growth drivers for the U.S. telecom services industry, Comcast expects increasing digital video penetration through 2008. Going forward, increase in subscribers base, though marginal, and a gradual hike in its average revenue per unit (ARPU) envisages positive operating environment for the company.

Comcast is focusing on the residential market in the near-term, but will likely begin to address opportunities in the business market in future years to promote ongoing revenue growth. With cable segment revenue growth of 10-11% being anticipated for 2006, the company’s strong customer growth indicates that VoIP and the triple play bundle are working, driving solid unit growth across all services. Though, the higher P/E multiple vis-à-vis industry’s calls for apprehension, but overall we believe our thesis for Comcast continues to play out.

Triple play offering will give it explosive revenue growth with very low cost basis

The money is rolling in from Digital voice installations and the triple play is in place. Teleco's are still not in position to take too much revenue from the video side yet.

The world is moving comcast's way. Cable broadband may not be able to sustain pricing, but digital cable is superior to sattelite and broadband is superior to DSL.

Hate to say it but this stock is COMCASTIC!!

Comcast triple play is smokin... they are killing Bellsouth and this is why ATT (T) wanted Bellsouth... Big brother was helping little brother to cut cost and compete with Cable. Cable will win at home and the Bells will win at work places because workplaces must have power to their phone under all circumstances.

Making Money hand over fist!!!

Well executed triple will pay off well.

They're finally getting they're technology act together, VOD is huge (bye bye Blockbuster and Netflix) and the deal with TiVo is good news.

Too volitile an industry to go more than a year out though.

Plus, how can you bet against a monopoly?

excellent growth prospects

Comcast relies upon COAX based cable for its life. Verizon will compete with fiber optic cable (FiOS), cherry-picking the best markets that Comcast has, leaving Comcast with its most expensive (least profitable) customers only. Comcast is not ready for competition or adaptable to meet it. Comcast faces a long slow painful decline in the face of a superior competititor.

Buying back shares, localized monopolies, digital cable and broadband riding along for free on the same lines. Customers are cash cows. Now adding phone service over the same "free" lines means they should be able to generate more revenue without huge capital outlays of more cable and more road digging. Company says they are on track to beat their original year end targets of new customers (RGU) by 700K. Original target was 3.5M. Stock up $1.47 today (9/25/06).

I tend to buy stock in companies that I use and like their product... I have had very little trouble out of Comcast cable or internet and if others are as satisfied with their service as I am this company can only get better...

Subscriber base will grow, as more bandwidth heavy rich content (and supporting devices) become available and stable reliable broadband starts to become more of an essential service, and subscription costs are viewed as necessary (just as cell phone monthly costs have become).

Comcast has a nice set of pipes. They pump in entertainment and pump out money on a monthly basis. The buisness seems to be tough for competitors to get into. In my area surewest never could do it. Everyone I know seems to prefer cable over other options such as satelite and they all are paying $50 - $100 a month. I haven't done my homework and I don't know how to start if I wanted to calculate a valuation but like coke or pepsi, comcast has a steady product that people just can seem to get enough of.