In Q3 of 2009, Comcast was on the table and we collectively opted against it. On 10/1/09, it was reported on TM.com that Comcast had struck a content-sharing deal with GE to distribute programming online and on mobile devices using one another's products and technologies. It's been nearly nine months of investigating and another major antitrust approval came through today in favor of the in the agreement.
Although the majority of TM board members are on the FiOS wagon, Comcast's Xfinity push and their continued reach into other media has brought them up 8% in 2 months and nearly 30% since we considered holding the company. A P/E of 14.7, 107k employees, nearly $2b in free cash and a price tag of under $20/s makes this an attractive play in the broadcast television sector.
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Guys we need to keep an eye on the pending Wall Street reform and its impact on the banking sector. Analysts estimate that, if overdraft fees are carved out, it will cost banks billions annually. BAC has lobbied that such an amendment would cost them $2.9b in revenue alone.
As a result, BAC has fallen 10% quickly over the last few weeks. BAC currently sits at $13.61/s and is down overnight. I motion that, if BAC touches $11.50/s, we scoop up 15 shares with our free cash. We all feel strongly about the company and this is a great shot at increasing holdings for minimum cash.
If the verdict is declares, the market will respond and consumer interest may bounce the buy rate back to wear it was two weeks ago.
"What's it gonna be Harry?"
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