Comcast. Tyler Smith. Presentation Outline. Snapshot Current Position Profile Current News Financial Statements Industry Comparison Stock Comparison Trend Analysis Common Size Analysis Stock Valuation Model. EVA & MVA Model Free Cash Flow Model ValuePro Valuation
Comcast stock was acquired in 2002 in a spin-off involving AT&T stock after AT&T broadband was purchased by Comcast Corp. As part of the spin-off, each share of AT&T Broadband common stock was converted into the right to receive 0.3235 shares of new Comcast common stock. Prior to the acquisition, SMIP owned 100 shares of AT&T Corp. and ended with 32 shares of Comcast Class A common stock.
100 * .3235 = 32.35 shares (CMCSA)
Comcast Corp. develops, manages, and operates hybrid fiber-coaxial
broadband cable communication networks. The Company also
provides programming content for its subscribers. Comcast
is implementing high-speed Internet access service and digital
video applications such as Video on Demand.
Competitors include Direct TV, Echostar and Time Warner Cable
Sept. 13: Comcast and Sony Pictures Entertainment announce programming deal
Sept 27: Comcast. and Time Warner Inc. join in talks on a possible joint offer to acquire bankrupt cable company Adelphia Communications Corp.
Oct. 12: Comcast and Time Warner Cable announce plans for a new regional sports network with the New York Mets in 2006
Oct. 27: Comcast releases Q3 earnings
Buy 100 Shares at current market price
- Keep current floor of $26.00/share