Comcast: Why The Stock Is Falling, And Why I'm Buying
Comcast(CMCSA) Seeking Alpha·2024-04-27 16:09
Justin Horrocks/E+ via Getty Images Comcast (NASDAQ:CMCSA) provided Q1 earnings this week. Despite beating on the top and bottom line, the share price fell 6% in one day, resulting in the lowest close since April 26, 2023. The stock is now down over 10% this month and has fallen nearly 14% in 2024. Bears have long pointed to the rapid decline in the cable and media businesses as an inexorable headwind that will derail the company. Furthermore, some point to developments highlighted in this quarter’s res ...