Classic Chuck, diligently boiling down complex fundamental data into consumable bite-sized chunks the common investor can take advantage of using a tool anyone can understand. Salute you sir!
Great video, thank you for sharing! Comcast was a quality company, but I fear a shorter future for them in comparison to some other players out there. I am very careful about the companies I am investing into now as I look well in the future for forever holds!
Thanks Chuck and Colton for the video. The stock looks intriguing, this is one I will do some additional research on. OZK has been beaten down with all the financial stocks, could be interesting to do an update on that one
First comment - love your videos Chuck!! You’re the best!! Appreciate every single video you post. Love and use FASTgraphs all the time (please give us an app someday?!) but most of all, sincerely thankful to you for walking through stock analysis in such a logical, clear, and measured way.
I swing traded this a few times making money. I hate the company but love the stock! LOL. Just picked up more at 36 recently. Side note: I only hate the company because I have to pay them 400$ a month. LOL.
Get video as always, thanks Chuck. Question, I understand why you like to look at OCF to evaluate the safety and future growth prospects for dividend payments. However, it seems you prefer looking at adjusted operating earnings (for the most part and certainly not in all cases) over OCF when evaluating a company. Do I have this right? If so, why is that?
Operating earnings tend to provide the clearest depiction of how the business is performing as an operating concern. Experience has shown me that the best correlation to price and valuation is through operating earnings. With that said, it does not mean that the other metrics cannot provide additional insights as well. Therefore, my recommendation is to always take advantage of all the analytical metrics at your disposal. Regards, Chuck
Are there any Comcast customers that are also investors? I have not invested a dime in the stock because I have been mostly unhappy with their service of most of my life but do not have another high speed internet provider in my area.
@@Metal_Stacking I feel like that lightbulb might be the same one that go off if somebody were thinking 'i really need to kiss a girl. Hey, my sister is a girl!'. Plenty of other great investments out there.
Appreciate the video and always watch them all but there's some disinformation and missing information in there related to the goodwill impairment. 1) He indicated that the goodwill impairment saves taxes - this is just not true. Goodwill impairment has no cash savings on taxes and also is evidenced by reviewing current tax expense which actually increases year-over-year. 2) It would be good to go more into the goodwill impairment. We get from the financials that the impairment/charges are related to SKY but there's no mention on to how this impacts the overall future of the business. CMCSA had a reason to impair goodwill (looks like market value comparisons) but what does that mean in terms of stock price. Sky was, I presume, a long term play that isn't paying off as much as expected? More discussion here would have been nice. MO could offer a similar story as CMCSA. While very different companies, look at what happened as Juul started becoming impaired in 2019 and the impact of stock price. Not saying MO is a growth company but stock price went from mid-60's to mid-40's and has never recovered.
All tobacco stocks went down and didnt recovered till now so it has nothing to do with Juul. MO decline started in 2017 when it reached crazy overvalued levels. Stock market doesnt care about impairments but about what earnings company will make and is making now.
You are so right and so wrong... the risk of the company is real, but you need to look at the balance sheet not the income statement.... current assets vs current liabilities... account for FCF and now assume higher interest rates. this is what makes companies bankrupt overnight by starting to default on it's bills that it can't pay.... that's why all business like CMCSA without the current assets and FCF to cover it's liabilities are extremely undervalued. If you believe the fed that they will decrease interest rates then there is no real risk here. but obviously the big players don't trust the fed so the stock price is down. I would like to note, this is why it's easy to make a lot of money when you have nothing to lose, it's a safe gamble with the odds greatly in your favor.
@@Cap_management remind me of the interest rates the last 5 years again... be careful. now this one we are probably safe but again the risk is built into that price... it's not 0
Okay I looked at their debt ratios if risk is so real and Quick and Current ratio is about the same like in the last decade. Interest coverage is 5.8 so they can pay interest on their debt six times. Debt to EBITDA 2.8 and falling every year since 2018. Company is expected to have second highest free cash flow in history. Why is debt a problem? We all know that rising rates will cause recession and rates will go down in few months as the result. Theme In 2021 was rates will be low forever and there is no alternative to stocks and now it shifted to A- companies will default overnight because rates will be high forever. Both will be proven wrong. If rates stay higher for longer than debt of CMCSA will be your smallest problem.
@@Cap_management those are not problems. it's the current assets vs current liabilities. that is the problem... long term debt doesn't cause them to miss payments. it's the current liabilities. since current assets don't account for current liabilities, they need to make it up with FCF (usually pulling out extra debt). but the problem, debt is more expensive and they need to keep paying the new debt increased prices. so if interest rates go down they can just "refinance" in a way (not really). debt management gets tricky and with someone like CMCSA (large company) but no one would have predicted a 5% increase in less then a year. as such the risk is still very much present.
@@nopenope6012 High rates lasted on average few months and than FED started to lower rates. As I didnt believed in 2021 that zero rates will be here forever and stocks deserve very high premiums I dont believe now that high rates will be here forever and half of S&P 500 will bankrupt. People like to dramatize and take extreme point of view on everything. If companies with A ratings will go bankrupt what will happen to majority of stocks which have BBB or worse ratings and more debt? I dont see how Comcast will bankrupt while rest of the market will be okay.
Was buying comcast in mid/low $30's. Have a decent size position and will be in a hold and drip position.
Classic Chuck, diligently boiling down complex fundamental data into consumable bite-sized chunks the common investor can take advantage of using a tool anyone can understand. Salute you sir!
Is that a comicstorian reference? Lol
Chuck - I bought comcast when you had recomended some 5 months ago @31.00. I should have bought more but if the oppt comes I will jump on it.
One of my biggest positions, largely thanks to your previous videos several months ago.
Thank you!
Thank u, Chuck.
CVS Health and Walgreens are on Sale too imo. And there are much more stock.
Great video, thank you for sharing! Comcast was a quality company, but I fear a shorter future for them in comparison to some other players out there. I am very careful about the companies I am investing into now as I look well in the future for forever holds!
Thanks Chuck and Colton for the video. The stock looks intriguing, this is one I will do some additional research on. OZK has been beaten down with all the financial stocks, could be interesting to do an update on that one
First comment - love your videos Chuck!! You’re the best!! Appreciate every single video you post. Love and use FASTgraphs all the time (please give us an app someday?!) but most of all, sincerely thankful to you for walking through stock analysis in such a logical, clear, and measured way.
I swing traded this a few times making money. I hate the company but love the stock! LOL. Just picked up more at 36 recently. Side note: I only hate the company because I have to pay them 400$ a month. LOL.
How to I check the Nasdaq index?
I don’t know Chuck, people younger than 50 years old do not care about their services, this looks like a declining sector in general.
Thanks for the analysis Chuck, love your videos!
Great video, BAC analysis in the future?
Greetings from uk
I cut the cord about five years ago and afterwards I threw the television in a dumpster. Never been happier
Get video as always, thanks Chuck. Question, I understand why you like to look at OCF to evaluate the safety and future growth prospects for dividend payments. However, it seems you prefer looking at adjusted operating earnings (for the most part and certainly not in all cases) over OCF when evaluating a company. Do I have this right? If so, why is that?
Operating earnings tend to provide the clearest depiction of how the business is performing as an operating concern. Experience has shown me that the best correlation to price and valuation is through operating earnings.
With that said, it does not mean that the other metrics cannot provide additional insights as well. Therefore, my recommendation is to always take advantage of all the analytical metrics at your disposal.
Regards, Chuck
@@FASTgraphs Thanks!
I think chuck is right, but that debt is a real problem
Woah, yeah and compared to cash on hand. I'll pass on this one!
Do fastgraphs also evaluate European stocks?
Yes. They offer free trial so see it by yourself.
Are there any Comcast customers that are also investors? I have not invested a dime in the stock because I have been mostly unhappy with their service of most of my life but do not have another high speed internet provider in my area.
Just read your comment again. A light bulb 💡 might go off...
@metal stacking Yep!! I see it
@@Metal_Stacking I feel like that lightbulb might be the same one that go off if somebody were thinking 'i really need to kiss a girl. Hey, my sister is a girl!'. Plenty of other great investments out there.
@@mikesurel5040 our light bulbs definitely operate differently thanks for playing... lmao
Appreciate the video and always watch them all but there's some disinformation and missing information in there related to the goodwill impairment. 1) He indicated that the goodwill impairment saves taxes - this is just not true. Goodwill impairment has no cash savings on taxes and also is evidenced by reviewing current tax expense which actually increases year-over-year. 2) It would be good to go more into the goodwill impairment. We get from the financials that the impairment/charges are related to SKY but there's no mention on to how this impacts the overall future of the business. CMCSA had a reason to impair goodwill (looks like market value comparisons) but what does that mean in terms of stock price. Sky was, I presume, a long term play that isn't paying off as much as expected? More discussion here would have been nice. MO could offer a similar story as CMCSA. While very different companies, look at what happened as Juul started becoming impaired in 2019 and the impact of stock price. Not saying MO is a growth company but stock price went from mid-60's to mid-40's and has never recovered.
All tobacco stocks went down and didnt recovered till now so it has nothing to do with Juul. MO decline started in 2017 when it reached crazy overvalued levels. Stock market doesnt care about impairments but about what earnings company will make and is making now.
isn't cable a dying buying because of wifi and fios?
EPS growth 12% in last 10 years. Does it sound like a dying business?
Analyze ticker MAC please! ✌️💪
I’ve been buying in over the last few months but I just don’t understand enough about their debt
Well, it was some time ago but now it's not
Good company with a solid moat, but high debt and more importantly terrible customer service keeps me away from investing in this company.
You are so right and so wrong... the risk of the company is real, but you need to look at the balance sheet not the income statement.... current assets vs current liabilities... account for FCF and now assume higher interest rates. this is what makes companies bankrupt overnight by starting to default on it's bills that it can't pay.... that's why all business like CMCSA without the current assets and FCF to cover it's liabilities are extremely undervalued. If you believe the fed that they will decrease interest rates then there is no real risk here. but obviously the big players don't trust the fed so the stock price is down. I would like to note, this is why it's easy to make a lot of money when you have nothing to lose, it's a safe gamble with the odds greatly in your favor.
So how many A- rated companies defaulted on bills in last 5 years? S&P says risk of default is very very low.
@@Cap_management remind me of the interest rates the last 5 years again... be careful. now this one we are probably safe but again the risk is built into that price... it's not 0
Okay I looked at their debt ratios if risk is so real and Quick and Current ratio is about the same like in the last decade. Interest coverage is 5.8 so they can pay interest on their debt six times. Debt to EBITDA 2.8 and falling every year since 2018. Company is expected to have second highest free cash flow in history. Why is debt a problem? We all know that rising rates will cause recession and rates will go down in few months as the result. Theme In 2021 was rates will be low forever and there is no alternative to stocks and now it shifted to A- companies will default overnight because rates will be high forever. Both will be proven wrong. If rates stay higher for longer than debt of CMCSA will be your smallest problem.
@@Cap_management those are not problems. it's the current assets vs current liabilities. that is the problem... long term debt doesn't cause them to miss payments. it's the current liabilities. since current assets don't account for current liabilities, they need to make it up with FCF (usually pulling out extra debt). but the problem, debt is more expensive and they need to keep paying the new debt increased prices. so if interest rates go down they can just "refinance" in a way (not really). debt management gets tricky and with someone like CMCSA (large company) but no one would have predicted a 5% increase in less then a year. as such the risk is still very much present.
@@nopenope6012 High rates lasted on average few months and than FED started to lower rates. As I didnt believed in 2021 that zero rates will be here forever and stocks deserve very high premiums I dont believe now that high rates will be here forever and half of S&P 500 will bankrupt. People like to dramatize and take extreme point of view on everything. If companies with A ratings will go bankrupt what will happen to majority of stocks which have BBB or worse ratings and more debt? I dont see how Comcast will bankrupt while rest of the market will be okay.
So basically Comcast overpaid for Sky
Haha I was waiting the whole explanation for this one sentence xD
GTN is even more of a bargain
I've owned comcast since October and November. It was way too cheap.
Chuck on another TH-cam channel (Dividendology) I saw a interesting KRC (Kilroy Realty Corp) ... could you please check this out?