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The year of Comcast (CMCSA)

Today's Financial News - Posted January 22, 2009

CMCSA Chart

2009 government initiatives could mean big bucks for Comcast Corporation (NASDAQ:CMCSA).

by Laura Cadden, TodaysFinancialNews.com

Baltimore — (TFN): In the short-term, folks are having a surprisingly hard time finding the correct converter box for the change to digital. Then there’s the delay in the government discount cards. Many non-cable holdouts are throwing in the towel and buying in.

This should mean a nice bump in revenue for Comcast.

Of longer-term benefit to the company (and other providers), is the Obama initiative pushing broadband for all.

In remarks made by the then President Elect on January 8, 2008 at George Mason University, he expressed the need to expand “broadband lines across America, so that a small business in a rural town can connect and compete with their counterparts anywhere in the world.”

Comcast Corporation
One Comcast Center
Philadelphia, PA 19103-2838
United States
Phone: 1-215-665-1700
http://www.comcast.com/

This Philadelphia, PA-based provider is the largest in the country and should therefore have the greatest opportunity for expansion.

As a bonus, this is a dividend stock. Shareholders already on file are receiving a quarterly dividend of $0.0625 per share on Jan. 28.

I recommend you buy shares of Comcast Corporation (NASDAQ:CMCSA) at or under $15 in the expectation of 20% gains within the year.


Next Article: The three best – and worst – stocks of Obama’s first 100 days (PART II)

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Posted by Laura Cadden · Filed Under Editor's Pic 

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