Comcast Stock: After A 40% Rally, Is It Time To Lock In Gains?


  • After the strong recovery from the October low and today’s release of full-year numbers, it’s time to reflect on Comcast Corporation stock.
  • Earnings were solid, but were tainted by an $8.5 billion impairment charge, which is primarily not tax deductible and, therefore, does not benefit free cash flow.
  • Management’s continued confidence in the business is underlined by a 7.4% dividend increase and extremely strong share buybacks, which contributed around 40% to EPS growth.
  • In this update, I will share whether I would lock in or continue to hold the gains after the nice run higher since my last analysis.
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Shares of Comcast Corporation (NASDAQ:CMCSA), for which I issued a strong buy rating on Oct. 5, 2022, have rallied more than 40% since hitting a 52-week low of $28 that same month. Disciplined investors who have averaged carefully into their positions over the

Disclosure: I/we have a beneficial long position in the shares of CMCSA, GOOGL either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Additional disclosure: The contents of this article and my comments are for informational purposes only and may not be considered investment and/or tax advice. I am neither a licensed investment advisor nor a licensed tax advisor. Furthermore, I am not an expert on taxes and related laws – neither in relation to the U.S. nor other geographies/jurisdictions. It is not my intention to give financial and/or tax advice and I am in no way qualified to do so. I cannot be held responsible and accept no liability whatsoever for any errors, omissions, or for consequences resulting from the enclosed information. The writing reflects my personal opinion at the time of writing. If you intend to invest in the stocks or other investment vehicles mentioned in this article – or in any form of investment vehicle generally – please consult your licensed investment advisor. If uncertain about tax-related implications, please consult your licensed tax advisor.

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