Wednesday, July 28, 2010

Comcast No Discussion Earnings Release

Comcast (CMCSA) reported improved results but had to digest NBC Universal costs. The press release is disappointing as it does not discuss the business in any detail. There are lots of macro numbers. No qualitative discussion was presented. Management does not want to address the issues and is hiding behind the accounting presentation. Stock is near it’s 52 week high. What’s the big secret.

Disclosure: No position in any stocks mentioned in this post.