We recently published 10 Stocks Jim Cramer Talked About As He Warned About “Have-Not” Stocks. Comcast Corporation (NASDAQ:CMCSA) is one of the stocks Jim Cramer recently discussed.
Comcast Corporation (NASDAQ:CMCSA) is CNBC’s parent firm and a legacy media company still struggling to grapple with the emergence and dominance of online streaming. Its shares have lost 12.8% year-to-date but would have been better off had it not been for a 9% dip before and after the firm’s Q2 earnings report. Before the earnings, Comcast Corporation (NASDAQ:CMCSA)’s shares fell after peer Charter Communications reported a broadband customer drop, and after the earnings, they fell as the firm also reported a broadband customer drop. However, the stock was spared a major selloff as the customer drop missed analyst estimates. Here’s what Cramer said about Comcast Corporation (NASDAQ:CMCSA):
“It would have been good if they had pivoted to internal cybersecurity. Somewhat like if they had been able to purchase CloudFlare when Mathew Prince’s stock was in the 70s. They did not take advantage of what they had and used the cash.”
Previously, Cramer discussed Comcast Corporation (NASDAQ:CMCSA)’s valuation:
“Okay so, I’m just gonna go there. Comcast sells 7.8 time forward earnings. So you have to go very far to find companies with that low multiple. Their multiple is lower than Ford Motor, okay. Their multiple is, only GM, that I have found is a lower multiple. So what do you make of that?”
“. . .it’s 4% yield. Again, the top, the bottom ten percent. No, the bottom ten of the S&P [in terms of the multiple]. With a very good company.”
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Disclosure: None. This article is originally published at Insider Monkey.
